Tag: UAE

The Sharjah Research Technology and Innovation Park (SRTIP) issued its third Distributed Ledger Technologies license (DLT) to ZelaaPayAE, which works to advance tokenization, promotes non-fungible tokens (NFTs), and develops payments infrastructures and various blockchain applications. ZelaaPayAE CEO, Mr. Sahil Arora said in a press release: “We chose to set up at SRTIP because of their…

The level of digital transformation in payments in the UAE has changed consumer behavior, showing the growing appetite for crypto and blockchain, claimed John Hensel, co-founder and CEO of Securrency, an Abu Dhabi-based technology firm. In a survey conducted by The National News two months ago, half of UAE citizens said they plan to use…

Dubai-based UAE’s financial watchdog (NAMLCFTC) has adopted a regulatory framework for virtual assets. Regulators seek coordination among public and private sectors to combat money laundering and terror financing. As Gulf News reported, the UAE’s National Committee for Combatting Money-Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) has adopted a regulatory framework for virtual assets…

The first virtual assets trading platform that is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset policy framework announced to be launched, as a result of the Emirates Blockchain Strategy launched in the UAE in 2018, which aims to transform 50% of government transactions into the blockchain platform by the end of…

SFM Corporate Services, a Dubai-based corporate and trust service provider, has announced the acceptance of cryptocurrency as payment for business formation corporate services. The company enables secure and seamless business payments in leading cryptocurrencies for investors and entrepreneurs to establish a company online in a few minutes in 25 jurisdictions worldwide. “Today, cryptocurrency is capturing…

Stephen Stonberg, CEO of Bittrex Global, praised the efforts of the UAE authorities to poise a crypto-friendly positioning of the region. Helped by the region’s status as a tax haven, Dubai is poised to benefit from the growing cryptocurrency market in the Middle East, he said in an interview with Bloomberg. Stephen Stonberg, Bittrex CEO…