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News Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates (UAE) for an official visit yesterday to discuss joint policy measures, including a digital currency plan. On Nov. 27, private English-language daily UAE newspaper The National reported that Prince Mohammed was welcom..
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’..
News Saudi Arabia’s Finance Ministry has warned against crypto tricksters using the kingdom’s official emblem to promote tokens that purport to be tied to government projects. Arab News reported on Aug. 21 that the ministry has identified a Singapore-based company promoting two fraudulent cryptocu..
News The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to an Islamic finance expert based in Malaysia. Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skeptici..
After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these il..
On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were le..
The United Arab Emirates is currently spearheading the Gulf crypto revolution, Ethereum seeks partnership ties