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Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion
28.8.2023
The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments.
The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region.
The government...
Oman Flags Off New Crypto Mining Facility With Expansion Plans As The Country Bets On Blockchain
22.8.2023
Oman has launched a new digital asset mining facility, the second flagged off within months as it seeks to diversify the economy away from oil exports.
The Middle Eastern country has flagged off the faculty which cost about 135 million Omani rials approximately $150 million and would be operated...
Oman financial regulator seeks feedback on proposed virtual asset framework
4.8.2023
Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned
Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework
16.2.2023
The Oman Capital Market Authority (CMA) has said it plans to establish a regulatory regime to govern as well as develop the country’s virtual assets market. The regulator said the envisaged regulatory regime enables it to avail an “alternative financing and investment platform...
More Than 65% of Oman’s Crypto Holders Are College Graduates — Study
13.1.2023
Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between...
Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
2.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
17.4.2022
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)’s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real Estate...
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets
25.1.2022
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into...
Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange
27.1.2021
Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had...
Oman Central Bank Warns on Crypto ‘Risk,’ Singles Out Dagcoin
6.10.2020
The central bank warned citizens and residents that they use cryptocurrencies at their own risk
Oman’s Largest Port Joins Blockchain Shipping Platform TradeLens
8.1.2020
The largest port in the Middle Eastern nation of Oman has signed up to TradeLens – a blockchain supply chain platform founded by IBM and Maersk