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# UAE News

February 7, 2019 by at News
Dubai Royal, His Highness Sheikh Saeed bin Ahmed Al Maktoum, confirmed he will back Lichtenstein based cryptocurrency fund Invao as it seeks to strengthen its positions in the United Arab Emirates (UAE), as per a report from Arabian Business, February 5, 2019. UAE Side of the Deal The Private Office is an...
January 31, 2019 by at Adoption, Business, News, Regulation
The UAE and Saudi Arabian governments have revealed Aber, their joint Cryptocurrency which will soon begin its trial run in a number of selected banks in both countries. The announcement was published by Saudi Arabian Monetary Authority, January 29, 2019. Introducing 'Aber' A January 29, 2019, statement has shed some more...
January 29, 2019 by at Adoption, Altcoins, Development, News
The Austrian city of Vienna plans to launch ‘Vienna token’, it’s own cryptocurrency as a form of incentive for citizens, as per Trending Topics reports, January 28, 2019 A Crypto Incentive The idea of world governments developing official cryptocurrencies isn’t a new one. Venezuela has its national crypto, the contentious...
Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a WAM report. National Crypto As stated in the WAM press...
United Arab Emirates (UAE) is set to become the global leader in the infant cryptocurrency industry as its ICO regulations look to be finalized by mid-2019, reports The National, December 24, 2018. Capitalizing on Absence of Competitors While countries like the U.S., China, and India are still pondering over the...
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