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Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

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Tag: Dubai

Swiss Cryptocurrency Firm X8 Bags Islamic Finance Certification

Category: Adoption, Altcoins, Blockchain, News, Platform

Swiss Cryptocurrency Firm X8 Bags Islamic Finance Certification

X8 AG, a Swiss financial technology firm has successfully obtained Islamic scholars certification for its fiat and gold-backed cryptocurrency from Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by the central bank of Bahrain, Reuters reports, November 12, 2018. Plans to Expand into the Middle East Seeing the burgeoning fintech environment in the region, some regulatory bodies and financial…

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Dubai Launches the First Government-Backed Blockchain Platform in the Middle East

Category: Bitcoin, Blockchain, News, Platform, Tech

Dubai Launches the First Government-Backed Blockchain Platform in the Middle East

Dubai partnered with IBM to launch a Government-backed blockchain platform in the Middle East as part of the Government’s Smart Dubai Initiative. According to an Arab News article published on October 31, 2018, the blockchain platform is related to Dubai’s blockchain strategy, where the country is preparing to have the world’s first fully digitized Government by 2021. Dubai: A Pioneer…

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Crypto-friendly Dubai Launch Blockchain-Powered Payments Processing and Settlement System

Category: Adoption, Blockchain, Business, Finance, News, Regulation

Crypto-friendly Dubai Launch Blockchain-Powered Payments Processing and Settlement System

Smart Dubai Office in collaboration with the Dubai Department of Finance have created a distributed ledger technology (DLT) based payments processing, settlements, and reconciliation platform aimed at upgrading the financial system to enable real-time, cost-efficient, and frictionless payments processing, reported Thomson Reuters Zawya on September 23, 2018. Dubai Adopts Blockchain Technology Smart Dubai Office, the technology arm of Smart Dubai…

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Dubai and Singapore Ink Fintech Partnership

Category: Altcoins, Bitcoin, Blockchain, Finance, Investment, News, Tech

Dubai and Singapore Ink Fintech Partnership

On September 3, 2018, Dubai’s financial regulatory, the Dubai Financial Services Authority (DFSA) signed a formal agreement with its counterpart in Singapore, the Monetary Authority of Singapore (MAS) in order to increase cooperation in the financial technology space. Both regulatory bodies handle projects revolving around blockchain technology, big data, and cryptocurrencies. This is only one in a series of such…

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Brains behind $2.4 Billion Bitcoin Ponzi Scheme Arrested in Delhi

Category: Altcoins, Business, Crime, Finance, News

Brains behind $2.4 Billion Bitcoin Ponzi Scheme Arrested in Delhi

The man behind the Asian branch of the $2.4 billion cryptocurrency scam operation Bitconnect has been arrested by police officers on August 18, 2018, from the Gujarat Criminal Investigation Department at Delhi Airport on his return to India. Divyesh Darji, who has reportedly been living as a fugitive in Dubai was apprehended at Delhi Airport as the investigation into the…

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How Bullion is Playing a Role in Attracting Islamic Investors to Cryptocurrencies

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News

How Bullion is Playing a Role in Attracting Islamic Investors to Cryptocurrencies

While the world argues over bitcoin’s legality and blockchain use-cases, another type of conundrum is brewing in Islamic countries – their religion essentially prohibits speculative investments. Yet, Dubai and other cities seem to have found a way around this, such that their citizens can invest in cryptocurrencies keeping in mind both its financial and religious risks. In the rulebook of…

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Dubai Government Launches First Official State Cryptocurrency

Category: Blockchain, Finance, News

Dubai Government Launches First Official State Cryptocurrency

The Dubai Government has recently announced plans to launch the first-ever government-backed cryptocurrency, according to an statement released by Dubai state news agency WAM. The state-sponsored digital token, called emCash, will be available to pay for both governmental and non-governmental services. The launch of the state-sponsored cryptocurrency is a historic first, with the Dubai government stepping in ahead of other…

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Dubai Announces Digital Blockchain Passport for ‘Borderless’ Airport

Category: Blockchain, News, Tech

Dubai Announces Digital Blockchain Passport for ‘Borderless’ Airport

The Government of Dubai has announced its collaboration with UK-based blockchain startup ObjectTech to create digital passports for quick and efficient entry at the Dubai International Airport. Working closely with Dubai’s Immigration and Visas Department (GDRFA – General Directorate of Residency and Foreigners’ Affairs), ObjectTech seeks to create the world’s first ‘gate-less border’ through the use of the blockchain and…

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Dubai and EU Give a Peek into How the Blockchain Transforms Government

Category: News, Tech

Dubai and EU Give a Peek into How the Blockchain Transforms Government

Governments around the world are starting to appreciate the multifaceted use of blockchain technology and are looking to adopt the blockchain in various ways, such as the government of Dubai, who are using the technology to cut down on bureaucracy. In modern society, we continue to experience digitalization in many aspects of our lives, which is transforming the way we…

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