Category: Dubai

Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks

The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to…

Cryptocurrency Exchange Bitex Launches in the UAE

Bitex has officially launched as the United Arab Emirates’ (UAE) newest digital asset exchange. The Dubai-based trading platform will initially…

Chinese E-commerce Giant Alibaba Wins Preliminary Injunction Against Alibabacoin

Chinese e-commerce giant Alibaba has won a preliminary injunction against Dubai-based Alibabacoin Foundation in a lawsuit over the misleading use…

Dubai – the Blockchain Oasis of the UAE: From Public to Private Sector

In some countries around the world, governments have had a stifling effect on the adoption of blockchain technology. Conversely, the…

Dubai Government-Backed Digital Currency Will Get Its Own Payment System

Consumers in Dubai will soon be able to use digital currency to pay for goods, services, and utilities following a…

UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

The United Arab Emirates (UAE)’s national securities regulator plans to introduce Initial Coin Offerings (ICO) for capital markets in 2019,…

Dubai Police Chief: Digital Currency Will ‘Soon Replace’ Cash Despite Hurdles

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times…

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