UAE
UAE with Saudi Arabia to Develop a Cryptocurrency
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United Arab Emirates (UAE) with Saudi Arabia are working together to develop a new cryptocurrency. This will be used in Cross-border transactions and banks. According to Emirate News Agency, Executive Committee of the Saudi-Emirati Coordination Council meeting was held in Abu Dhabi the capital of UAE. Here over 16 members
Abu Dhabi Bank made its first Blockchain transaction on Islamic Bonds
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The Ali Hilal Bank from Abu Dhabi(UAE) has reportedly executed its first blockchain based transaction for Islamic Sukuk (aka Islamic Bonds). As per local media reports, the bank made a secondary market deal worth $500 Million USD for Islamic bond and will be maturing on September 2023. The transaction
Abu Dhabi FRSA Proposes Regulation of Cryptocurrencies
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Financial Services Regulatory Authority (FSRA) in Abu Dhabi published a document today. A bill to regulate the trade in cryptocurrencies. This has been already been announced in mid of February. This announcement of the FSRA is released through the Abu Dhabi Global Market (ADGM). This ensures that this legal framework
