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South African Crypto Exchange Valr Receives ‘Initial Approval’ From Dubai Virtual Assets Regulator
5.10.2023
Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing...
Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?
4.10.2023
Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.
While Hong Kong is rising as a global leader in the regulated digital asset market...
Hong Kong's Crypto Advancements Could Boost East Asian Crypto Activity, Says Chainalysis Report
3.10.2023
A recent report from Chainalysis suggests that Hong Kong could play a significant role in reviving crypto activity in the East Asian region, which has faced challenges due to a China-wide ban on crypto trading activities since 2019....
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Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis
3.10.2023
Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm
Hashgraph Association in Blockchain Adoption Drive Partnership With Tunisia-Based Dar Blockchain
30.9.2023
The Hashgraph Association and Dar Blockchain recently said they will be working “to nurture projects, facilitate growth, and profoundly shape the Middle East and North Africa (MENA) technology landscape.” The two entities said they hope to achieve the set objectives via meetups...
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
26.9.2023
After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well
Erica Kang, CEO of KryptoSeoul, on Crypto in Asia and Bridging the Gap Between the West & the East | Ep. 266
19.9.2023
In an exclusive interview with cryptonews.com, Erica Kang, CEO and Founder of KryptoSeoul, talks about community-building spirit, crypto in Asia, and bridging the gap between the East and the West. ...
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Binance pledges $3 million in BNB to Morocco earthquake victims
12.9.2023
Binance said it will issue a series of airdrops worth up to $100 in BNB to users verified to be located in the highly impacted Marrakech region of Morocco
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
8.9.2023
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3
US regulators deny blocking AI chip exports to Middle East
1.9.2023
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent as to whether the requirements were only imposed on specific countries
Africa-Focused Remittances Fintech Lemfi Raises $33 Million in Series A Funding Round
31.8.2023
An Africa-focused remittances platform, Lemfi, recently said it has raised $33 million in a Series A round led by Left Lane Capital. Lemfi said it will use the capital raise to “expand its product offering to the United States, Europe, the Middle East, and Asia.” Making Remittances Less...
Report Reveals East Is Challenging West’s Long-Standing Gold Pricing Dominance
27.8.2023
A new report unveils a surge in gold acquisitions by Eastern nations, challenging the West’s long-standing dominance in gold pricing and altering the power equation in the global arena. Research Highlights East’s Rise as Challenger to West’s Gold Pricing Tradition In...
Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's Going On?
24.8.2023
The largest crypto exchange by trading volume, Binance, is apparently closing its Binance Card – cryptocurrency debit card services – in Latin America and the Middle East, effective from Aug. 25....
Read More: Binance Exchange to Suspend Crypto Debit Card Offering in LatAm and Middle East – What's...
Binance to Withdraw Debit Card in Latin America, Middle East
24.8.2023
The cryptocurrency exchange said the card service will terminate Sept. 21
Binance to halt crypto debit card in Latin America and the Middle East
24.8.2023
Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the mentioned region
Oman launches $370-million crypto mining center: Report
22.8.2023
The mining facility comes as part of a plan to accelerate the digitalization of Oman’s economy, mainly dependent on oil export
Abu Dhabi grants virtual asset firm M2 permission to offer crypto services
16.8.2023
M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody virtual assets
Finnovex Middle East 2023: Pioneering Fintech Event!
8.8.2023
The GCC (Gulf Cooperation Council) countries are setting the stage for a forward-looking digitization strategy, propelling the banking sector into a new era of innovation and growth. Against the backdrop of this transformative landscape, the 20th Global Edition Finnovex Middle East summit emerges...
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
Nomura’s crypto arm Laser Digital bags Dubai VARA license
1.8.2023
Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter (OTC) service