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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...
Bahrain central bank licenses Sharia-compliant crypto exchange
25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
29.11.2020
The joint report is among the most promising CBDC studies conducted by central bank authorities
Fintech Firm Fasset to Launch Zero-Trade Fee Crypto Trading Platform for Countries in the Gulf Region
24.9.2020
Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year
US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale
16.9.2020
Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets. Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old...
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
3.9.2020
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said
Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank
16.6.2020
The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system
What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin
9.6.2020
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain
8.6.2020
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology
Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
23.3.2020
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...
Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East
13.3.2020
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East
Why Energy Experts Are Watching Crypto as Oil Wars Emerge
11.3.2020
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change
What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status
9.3.2020
“I don’t think any asset is safe right now – except cash, US dollars.”
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt
28.1.2020
Saudi Aramco joins Shell, BP, Chevron and others in using Vakt’s blockchain-based oil trading platform
One of World’s Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment
28.1.2020
Oil-giant subsidiary Saudi Aramco Energy Ventures has made a $5 million investment in Vakt, a commodities post-trade processing platform built with blockchain tech
Saudi-UAE Leaders Confirm Forthcoming Jointly-Issued Digital Currency
28.11.2019
Saudi Arabia and the United Arab Emirates discussed the countries’ plans for an interbank digital currency
Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime
10.9.2019
A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony...
Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform
29.8.2019
R3 partners with Dubai based fintech firm Wethaq as it builds a Corda-based Islamic securities platform
Saudi Arabia Warns of Crypto Scammers Posing as Gov’t Projects
21.8.2019
Saudi Arabia’s Finance Ministry says scammers are using the kingdom’s official emblem to promote digital tokens