Investors in the Middle East tend to be more sensitive to volatility and risky assets, an expert said
cryptocurrency exchange
Bitcoin
Job cuts and hiring freezes follow crypto crash as Coinbase, Bahrain’s Rain ‘make tough decisions’
Bahrain’s Rain has laid off dozens of employees; Winklevoss-brothers owned Gemini Trust has slashed 10 percent of its staff; and Coinbase has stopped hiring for the ‘foreseeable future’
Ben Zhou
Top crypto firms pick Dubai for global HQ, regional base as “test-adapt-scale” model attracts investment and creates jobs
Bybit has received in-principle approval to conduct its virtual assets business in Dubai and plans to set up its global HQ in the emirate, while crypto.com has chosen Dubai to set up its regional base
anti-money laundering
Anti-Money Laundering and Know-Your-Customer efforts remain key to UAE’s embrace of cryptocurrency
Anti-money laundering is a critical requirement of cryptocurrency if it is to gain acceptance
BitOasis
UAE-based cryptocurrency exchange BitOasis raises $30m
Founded in 2015, BitOasis is the Middle East region’s first and largest crypto-asset exchange
bitcoin exchange
Crypto platform Binance zeroes in on regulatory compliance as MENA expansion heats up
Registered in the Cayman Islands and debuted in 2017, Binance is waking up to the fact that they have to play by the rules of the game – and for now those rules are dictated by existing financial structures, including central banks and governments
Bitcoin
Dubai poised to benefit from cryptocurrency growth, Bittrex says
Dubai, the region’s financial hub, has already taken several steps to bolster the use of blockchain within the city in recent months
Bahrain Central Bank
Bahrain crypto exchange Rain says trading exceeds $1bn in H1
Platform’s trading volume witnesses 20 times growth in the first six months of 2021 compared to the same period last year
Bank of England
Could cryptocurrency dethrone the dollar?
Bank of England governor Mark Carney aired vague proposals for a so-called ‘Synthetic Hegemonic Currency’ at the recent Jackson Hole Symposium of central bankers
Bitcoin
Video: Should India embrace cryptocurrencies?
Some believe that believe cryptocurrencies are the new digital gold.
Abu Dhabi Global Market
Crypto exchange BitOasis says to get special licence to operate in UAE
UAE-based BitOasis says it has received preliminary approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market
Bitcoin
Cryptocurrencies: Fad or future?
The UAE and Saudi Arabia have pledged to launch a joint cryptocurrency and pioneer regulations for digital currencies, but concerns behind feasability remain
ADGM
Regulation of cryptocurrencies inevitable, says UAE digital exchange founder
Hayvn is a new digital currency trading and custody platform aimed at institutional investors
Bahrain Central Bank
Bahrain’s new crypto regulations a ‘comfort’ to entrepreneurs and investors
Bahrain Economic Development Board’s head of business development financial services at the said that a large percentage of firms in the Central Bank’s regulatory sandbox are involved in digital currencies
Bankruptcy
Bitcoin exchange president’s death puts millions out of reach
QuadrigaCX said it sought protection from creditors after weeks of attempting to ‘locate and secure our very significant cryptocurrency reserves’ following the death of its president Gerald Cotten
Banking & Finance
Video: AB Live – Expert tips for understanding cryptocurrencies
Ola Doudin, Co-founder and CEO of BitOasis breaks down the cryptocurrency market covering a wide range of subjects ranging from security, investing in cryptocurrencies, regulations in the UAE and Middle East, scope for the coming years despite the crash and global implications.
Bitcoin
Bahrain-based cryptocurrency exchange to launch across GCC in 2019
Rain will become the region’s first regulated digital currency exchange