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NEXT BLOCK Conference “From Chaos To Clarity: 2019 Trends” • December 12, 2018

Bringing together over 350 participants and 20+ distinguished speakers, the Conference will hear from top blockchain experts looking into 2019…

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Tag: UAE

Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10.5 cubic feet of natural gas daily, has joined forces with IBM  to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press…

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Abu Dhabi Global Market Successfully Concludes First Phase of Blockchain-Based KYC Project

Category: Blockchain, Business, Finance, News, Regulation

Abu Dhabi Global Market Successfully Concludes First Phase of Blockchain-Based KYC Project

Abu Dhabi Global Market (ADGM) recently announced the successful completion of the first phase of a blockchain-based electronic-Know-Your-Customer (e-KYC) utility project. According to the press release published on December 4, 2018, the e-KYC had significantly simplified and improved the KYC process by providing an immutable audit trail. e-KYC Project Demonstrates Tangible Benefits The e-KYC project was a Financial Services Regulatory…

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UAE Government Launch National Blockchain Technology and Artificial Intelligence Initiatives

Category: Blockchain, Business, Finance, News, Tech

UAE Government Launch National Blockchain Technology and Artificial Intelligence Initiatives

At the Second United Arab Emirates (UAE)  Government Annual Meeting held in Abu Dhabi, the region’s authorities launched two national platforms targeted at reinforcing the UAE’s artificial intelligence (AI) and blockchain technology ecosystems and ultimately make the state a hotbed for new technologies, reported the Emirates News Agency on November 28, 2018. UAE Aiming for the Top Distributed ledger technology…

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UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

Category: Altcoins, ICO News, News, Regulation

UAE Commodities Authority Approves ICOs in a Bid to Revamp Capital Markets

The United Arab Emirates (UAE) is joining the league of countries that have embraced Initial Coin Offerings (ICOs) as a way of raising capital according to a report by Reuters on October 8, 2018. The planned listing of ICOs in 2019 comes after the Emirates Securities & Commodities Authority categorized ICOs as securities. Strong Regulatory Framework Government-backed regulations will guide…

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ICO-Generated Tokens to Be Classified as Securities in the UAE

Category: Altcoins, Bitcoin, Development, Investment, News, Platform, Tech

ICO-Generated Tokens to Be Classified as Securities in the UAE

Financial regulators in the United Arab Emirates(UAE) are now looking to put the finishing touches to their initial coin offerings(ICOs), cryptocurrency exchanges and digital assets-related businesses regulatory framework, reported Finance Magnates on September 10, 2018. The UAE Ready to Entirely Regulate its Cryptospace The Securities and Commodities Authority(SCA) of the UAE is set to formulate a robust regulatory framework for…

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BitOasis, Dubai-based Crypto Exchange Suspends the withdrawal of UAE Dirhram

Category: Altcoins, Bitcoin, Business, Finance, News

BitOasis, Dubai-based Crypto Exchange Suspends the withdrawal of UAE Dirhram

BitOasis, a cryptocurrency exchange present in the Middle East and North Africa will no longer process deposits or withdrawals in UAE’s dirhams from May 15, 2018. Anyone looking to access dirham balances in their BitOasis account or transfer more dirhams into the account will need to undergo the activities before the date mentioned above. According to Arabian Business, BitOasis, sent…

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