Mena  #uae

Dubai is keen to grab the opportunity of the rise of cryptocurrency trading. According to recent reports, trading activity on OTC platforms in Dubai spiked the prior year primarily because of the more favorable liquidity on these platforms.

BitOasis was the first crypto exchange to get an operational license in Dubai, which has now been suspended by the local regulator for not meeting key conditions in time.

To officially launch the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE's Financial Infrastructure Transformation (FIT) Programme, the Central Bank of the UAE (CBUAE) staged a signing ceremony in collaboration with G42 Cloud and R3.

The Dubai Crypto Center initiative seeks to entice blockchain and Web3 companies to the UAE. February 2023, CryptoniteUae

Dubai is the hottest destination to attend web3 events in this March 2023. February 2023, CryptoniteUae

According to recent research, the Middle East and North Africa (Mena) region has led the world in the adoption of cryptocurrencies over the past year.

UAE central bank to issue CBDC as part of its financial transformation program February 2023, CryptoniteUae

Dubai’s Majid Al Futtaim will open a virtual mall with Carrefour, Vox and Samsung spaces