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Middle East
Egypt Lifts Ban, Will Allow Licensed Cryptocurrency Companies
Egypt is considering legislation that would let the central bank issue licenses for cryptocurrency-related activities.
National Bank of Kuwait Taps Ripple for New Remittance Service
National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.
UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019
Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.
Middle East's First Central Bank-Backed Crypto Exchange to Launch in 2019
After a year in the Central Bank of Bahrain's regulatory sandbox, Rain Financial is gearing up to offer crypto on-ramps from all regional currencies.
Abu Dhabi Markets Watchdog Mulls Crypto Exchange Regulations
Abu Dhabi's markets regulator is considering drawing up a supervisory framework for cryptocurrency exchange operations.
Kuwait's Ministry of Finance Says It Does Not Recognize Bitcoin
Kuwait's Ministry of Finance has reportedly said it does not recognize bitcoin, and that financial institutions may not trade the cryptocurrency.
Dubai Land Department Launches Blockchain Real Estate Initiative
The Dubai Land Department is framing a new real estate blockchain as a way to build investor confidence and add conveniences for tenants.
Bahrain's Bank ABC Joins R3 Distributed Ledger Consortium
Bahrain-based Arab Banking Corporation, also known as Bank ABC, has revealed it is joining the R3 distributed ledger consortium.
Blockchain Startup ArabianChain Nets $817k from New Investor
A UAE-based public blockchain startup has received $817,000 in funding from a private investor.
Blockchain and the Birth of a New Financial Instrument
A less-hyped blockchain trial in the Middle East could come to have a big impact on banking.
