Oman’s Green Data City: $300M Eco-Mining Farm
Green Data City has joined forces with the UAE’s Phoenix Group to inaugurate a groundbreaking $300 million environmentally conscious cryptocurrency mining farm in Oman, bolstering...
UAE Imposes $2.7M Fine On OPNX
The Dubai Virtual Assets Regulatory Authority (VARA) has intensified its actions against the cryptocurrency exchange Open Technology Markets Ltd. (OPNX), marking a significant development in...
India Forges Rupee Trade Agreement With UAE
India, one of the BRICS nations, has taken significant strides to accelerate its economic growth by persuading other countries to move away from the U.S....
OKX Receives Preparatory License For Dubai Expansion
OKX, a leading cryptocurrency exchange, has received a Minimal Viable Product (MVP) preparatory license from the Dubai Virtual Assets Regulatory Authority (VARA) on June 15,...
HKMA And UAE Discuss Virtual Asset Regulation
The Hong Kong Monetary Authority (HKMA) and the United Arab Emirates (UAE) have engaged in discussions regarding the regulation of virtual assets. During the HKMA’s...
ADGM Seeks Feedback on Decentralized Economy Proposal
The Registration Authority of the Abu Dhabi Global Market (ADGM) has published a consultation paper proposing a legal framework for Distributed Ledger Technology (DLT). The...
UAE Launches CBDC Project to Accelerate Digital Transformation
The Central Bank of the United Arab Emirates (CBUAE) has recently launched its Financial Infrastructure Transformation (FIT) initiative. It aims to accelerate digital transformation in...