MENA News
Discover the latest blockchain and crypto news from the MENA region, including updates from Dubai, Abu Dhabi, Bahrain, Qatar, and Oman, covering trends, regulations, and developments shaping the industry
Deus X Pay, a regulated institutional stablecoin payment provider, announces its new brand, with a mission is to transform international payments by breaking down traditional barriers and delivering finance without friction. Formerly operating as HAYVN, Deus X Pay has transformed its focus to cater to institutional clients, businesses, and corporations. The company is dedicated to providing streamlined, secure payment solutions that drive global business growth. Deus X Pay CEO, Richard…
Read More »The Iranian government is signaling its intent to embrace crypto assets through regulatory measures rather than imposing outright restrictions, according to Abdolnaser Hemmati, Iran’s Minister of Economic Affairs and Finance. During a national event on Saturday, Hemmati emphasized the government’s goal to mitigate the adverse effects of cryptocurrencies on the economy while capitalizing on their benefits, as reported by the state-run news agency Nour News. He noted that digital currencies…
Read More »The financial world is evolving at an unprecedented pace. In this moment of transformation, Unlock Blockchain introduces Finance 3.0, a regional event designed to lead the conversation on the convergence of Web3 innovation and traditional finance. Scheduled for April 29, 2025, in the UAE, this event places the country’s pioneering efforts in the spotlight. The UAE has emerged as a global hub for crypto and blockchain innovation, attracting some of…
Read More »Scintilla, a digital asset firm, has unveiled significant upgrades to its tokenization engine. This development follows the completion of its acquisition of VARA-regulated TOKO Network, a tokenization solutions provider previously owned by global law firm DLA Piper. While the TOKO license has remained active since its issuance, no significant activities have been highlighted since the company obtained its Virtual Asset Service Provider (VASP) license. With this transaction, Scintilla has redefined…
Read More »The Abu Dhabi Blockchain Center (ADBC) has announced a strategic partnership with the University of Waterloo to elevate blockchain research, education, and innovation. This collaboration is a pivotal move in fostering talent, advancing research, and unlocking the potential of blockchain technology for practical applications. Abdulla Al Dhaheri, CEO of the Abu Dhabi Blockchain Center, remarked on the importance of this collaboration: “Our partnership with the University of Waterloo combines their…
Read More »Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will take part in the upcoming Bitcoin MENA event, set to be held in Abu Dhabi on December 9-10, 2024. This influential gathering will bring together leaders, investors, and enthusiasts to explore the future of Bitcoin in the Middle East. As part of its ongoing efforts to increase cryptocurrency accessibility in the UAE, Bybit has recently secured a provisional license from…
Read More »The UAE continues to solidify its position as a global leader in digital technology and artificial intelligence, driven by substantial investments in advanced infrastructure and cutting-edge technologies. These efforts have positioned the nation as a model for digital transformation, enhancing its ability to adapt to the latest global technological advancements and fostering innovation. Leading the Digital Transformation The UAE has achieved remarkable milestones in digital transformation, reflected in its top…
Read More »The Abu Dhabi Global Market (ADGM) recently issued Consultation Paper No. 10 of 2024, inviting market participants to provide feedback on proposed amendments to its Financial Services Regulatory Authority (FSRA) guidelines, including updates to virtual asset regulations. Rasma Legal shared detailed insights into the paper with Unlock Blockchain, highlighting key amendments and offering recommendations for future considerations. The proposed amendments include the removal of the FSRA’s requirement to issue warning notices…
Read More »As the UAE continues its ambitious embrace of the digital asset ecosystem, Crystal Intelligence, a leader in blockchain analytics and compliance, has partnered with the Dubai Police, General Department of Criminal Investigation. The two entities have signed a Memorandum of Understanding (MoU) to predict and combat economic crimes, focusing on the fast-evolving digital asset space. This collaboration reflects Dubai’s commitment to staying at the forefront of global blockchain innovation and…
Read More »The Central Bank of Iran is preparing to launch its digital currency, the Digital Rial, as part of a broader initiative to modernize the country’s banking system and strengthen international financial cooperation. Mohammad Reza Farzin, Governor of the Central Bank of Iran, revealed these plans during the 11th Annual Conference on Modern Banking and Payment Systems, as reported by Tasnim News Agency. Source: Iran Daily Farzin described the conference as…
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