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Crypto Exchange BTSE Eyes $50M for Exchange Token Sale on Liquid Network

News Multi-currency and spot/futures exchange BTSE plans to host the first-ever native exchange token sale based on a Bitcoin (BTC) sidechain. The exchange seeks to raise $50 million, Finance Magnates reports on Dec. 10, with minimum investments set at $150,000. BTSE’s choice to host its offering..

‘Bitcoin of the Middle East’ Scam Lands Canadian Expat in Dubai Jail

News A Dubai-based Canadian expat has been arrested for peddling an allegedly fraudulent “Sharia-compliant” cryptocurrency and a host of other get-rich-quick schemes. As Gulf News reported on Oct. 30, Aziz “Com” Mirza had cultivated for himself a reputation as an entrepreneur, mentor and Instagram..

Burj Khalifa Developer Emaar to Launch Tradeable Reward Token EMR

News Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Real monetary valueEmaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its ..

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

News Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The bank, which is one of the largest banking groups in the Middle East in terms of assets, will ..

Economic Dept. of Dubai Unveils Blockchain-Based Business Registry

News The Department of Economic Development in Dubai has announced its move to a blockchain-based unified business registry platform (UBRP). According to a Saudi Gazette report on Oct. 7, the platform aims to improve the ease of doing business in Dubai and enable license issuers to manage trade li..

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

News Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securitiesAccording to a press release on Aug. 28, Wethaq’..

Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020

News A new partnership between the Dubai International Financial Centre (DIFC), Mashreq Bank, and fintech firm Norbloc aims to launch a blockchain-based Know Your Customer (KYC) data-sharing consortium in 2020. The official United Arab Emirates news agency, Emirates News Agency, reported on the ne..

‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board

Sponsored A DAG blockchain platform that can operate as the IT infrastructure for smart cities has announced a partnership with the private office of Sheikh Saeed bin Ahmed Al Maktoum — paving the way for an operational presence in Dubai. The Fantom Foundation says its protocol is designed to oper..

Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

News Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3. The new initiative..

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