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Saudi Arabia and UAE Cross-Border Cryptocurrency Still on Track

Saudi Arabia and UAE Cross-Border Cryptocurrency Still on Track

In a recent post by Emirates News Agency, the Saudi-Emirati powerhouse announced furtherance of its alliance objectives to develop 7 joint initiatives in vital sectors of their economy, including the emerging cryptocurrency sector. The Executive Committee of its “Strategy of Resolve” vision headed by Mohammad bin Abdullah Al Gergawi — Minister of Cabinet Affairs and The Future, from the UAE side, …


Glitch in UAE’s Beam Wallet Gives Users Jitters

Glitch in UAE's Beam Wallet Gives Users Jitters

Cryptocurrency hard wallets are regarded as an extremely safe way of storing cryptocurrency these days, but when they go wrong, such as happened with Beam Wallet recently, users become nervous. Beam Wallet is a tech company which allows UAE customers access to goods and services via their phones, tapping into its wallet application. A critical vulnerability found in the cryptocurrency …


Etisalat Contracts Tech Firms to Develop Blockchain, AI Solutions

Etisalat Contracts Tech Firms to Develop Blockchain and AI Solutions

In a press release yesterday, Middle East telecom carrier giant Etisalat, through its innovation program Future Now, has signed agreements with four tech companies to develop solutions using blockchain and Artificial Intelligence (AI) technologies. The signing of the contract happened after the success of Dubai’s Future Accelerator’s Program, which led to the launch of the Future Now project. The four …


Reserve Bank of India Pulls Back From Central Bank Issued Crypto

Reserve Bank of India Pulls Back From Central Bank Issued Crypto

A news report today by the Hindu BusinessLine revealed that the Reserve Bank of India has shelved its plan to issue a central bank digital currency. Plans to issue a central bank digital currency was first declared in April of last year. The initial plans may have been driven by the burden of current rising costs in printing paper fiat …


UAE May Be Next Blockchain Business Hub

UAE May Be Next Blockchain Business Hub

Experts say the United Arab Emirates (UAE) may be the next pro-blockchain development hub with ICO regulations coming in mid-2019, according to a column published by The National. While most of the big world economies are still deliberating on the stance of cryptocurrency- and ICO-related policies, the stall does give a head start for others. It would seem that the …


UAE Banking Federation Mulls Blockchain Potential with KYC Focus

UAE Banking Federation

Members of the United Arab Emirates Banks Federation (UBF) discussed the potential adoption of blockchain into their banking systems to upgrade know-your-customer (KYC) processing. Blockchain Enhancements According to a report made by Dubai-based media outlet Gulf News, the meeting of the CEOs Advisory Council of the UBF met to discuss other topics, though blockchain managed to come to the table. …


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