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
Phoenix Group, a pioneering cryptocurrency, blockchain, and Web3 company, and the first home-grown cryptocurrency firm listed on the Abu Dhabi Securities Exchange (ADX), has announced a significant leadership change. Seyed Mohammad Alizadehfard (Bijan), the company’s CEO, co-founder, and one of its most influential figures, is stepping down from his role. This marks a pivotal moment for the organization, as Bijan has been instrumental in shaping the company’s vision and trajectory…
Read More »Crypto.com has appointed Mohammed Al Hakim as the new President of its UAE operations, marking a significant milestone for the company’s expansion and diversity efforts in the region. Al Hakim is the first FCC and Emirati national to hold this prestigious role, both within Crypto.com and across the broader cryptocurrency industry. https://t.co/vCNztATkNg is proud to announce Mohammed Al-Hakim as President of its UAE operations, underscoring the company’s commitment to regional growth and…
Read More »The Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, has revealed that Morocco is close to adopting a legal framework to regulate crypto-assets, as reported by Morocco World News. This initiative aims to manage crypto-asset usage while fostering financial innovation. During a press conference following BAM’s fourth and final Council meeting of 2024, Jouahri emphasized that the regulation aligns with recent G20 recommendations and addresses the financial risks associated with crypto-assets.…
Read More »DMCC has unveiled the DMCC Crypto Centre Metaverse, marking a significant milestone in the application of immersive technology within one of the world’s leading Web3 ecosystems. Created in collaboration with Infinite Reality, a global leader in immersive technologies, the Metaverse will feature interactive gamified zones, including a trading game and a treasure hunt with exciting prizes for participants. This dynamic space enables users to directly engage with the DMCC Crypto…
Read More »The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two individuals and one entity linked to a network that launders millions of dollars in illicit funds generated by Democratic People’s Republic of Korea (DPRK) information technology (IT) workers and cybercrime, all in support of the DPRK government. Lu Huaying and Zhang Jian, both based in the United Arab Emirates (UAE), worked through a UAE-based front…
Read More »Global data analytics and AI company, Click, has released the results of a survey involving 4,200 AI decision-makers, shedding light on the current barriers to the widespread adoption of artificial intelligence. The study revealed that the key challenges hindering AI growth include a lack of skilled talent, issues with governance, and insufficient resources. The report emphasized the need for AI skills development to overcome these obstacles and accelerate the technology’s…
Read More »Ripple, a global leader in digital asset infrastructure, has officially launched its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). Designed to maintain a 1:1 peg with the U.S. dollar, RLUSD is backed by a mix of U.S. dollar deposits, government bonds, and cash equivalents. The stablecoin will be issued on both the Ethereum blockchain and the XRP Ledger, offering seamless integration across diverse ecosystems. At launch, RLUSD will be available on…
Read More »Bitpanda, Europe’s leading regulated cryptocurrency platform, has taken a significant step toward its global expansion strategy by obtaining in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai. This milestone positions Bitpanda to formally launch its operations in the UAE under the entity Bitpanda Broker MENA DMCC once it receives the full operating license. The approval comes less than eight months after Bitpanda submitted its application, highlighting the company’s…
Read More »For nearly 150 years, telecom has brought humanity closer together. Over time, however, its role became narrowly defined. It focused solely on communication while financial systems grew in isolation. Karrier One is rewriting this narrative. By pioneering decentralized telecom innovation, the company is bridging a divide that should never have existed. In Karrier One’s vision, every connected device becomes more than just a tool for communication—it becomes a bank, a…
Read More »Tether recently announced that its USDT stablecoin has been recognized as an accepted virtual asset within the Abu Dhabi Global Market (ADGM) jurisdiction. At first glance, this might appear to be a straightforward victory for Tether, solidifying its status as the world’s leading stablecoin. However, a closer look reveals a more nuanced story—one that Tether’s press release doesn’t fully explain. This announcement follows Tether’s previous launch of a UAE Dirham…
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