Hermi De Ramos

The company must now navigate through the subsequent phases — obtaining a preparatory license followed by the final operating license — to fully offer its crypto services to regional clients.

The partnership will combine Mocaverse’s Moca ID, KuCoin’s user accounts and Halo’s Genesis membership pass to “redefine on-chain identity and facilitate growth” in the Web3 space.

The new entity is aimed at opening the doors for the Middle East’s institutional investors to crypto, staking and AI.

Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.

The permit allows CoinMENA to provide retail and institutional customers in the United Arab Emirates with the ability to deposit and withdraw in UAE dirhams.

CEO Robby Yung outlines the company's focus on gaming and adjacent sectors to drive Web3 adoption, leveraging NFTs and interoperability.

The funding will support TON ecosystem projects, research and development efforts, community-building and marketing activities.

Yoni Assia told Coinpectra that products like Bitcoin ETFs align with institutions’ existing modes of operation, making it easier for them to enter the market.

Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. SEC.

Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Coinpectra that education and introducing non-speculative use cases can help crypto companies navigate through varying regulations.

Kriss Baird, the principal figure of Cardano’s Project Catalyst, spoke with Coinpectra about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development.

Cardano Foundation CEO Frederik Gregaard told Coinpectra that the pieces of research that the network has “spent years of doing and implementing” are already being used by some of the fast-moving blockchain platforms.

Jasmine Smith, CEO of Web3-based wellness app Rejuve.AI, told Coinpectra that decentralized and AI-powered platforms for health research do not aim to replace doctors and clinicians but rather help them in their work.

As the metaverse loses its appeal to some global tech leaders, MetaMinds Group CEO Sandra Helou argues that failures in metaverse initiatives resulted from a lack of proper business models.

Transak’s compliance chief, James Young, told Coinpectra that while the U.K.’s new crypto marketing rules are good for the industry, they still pose challenges to some firms operating in the decentralized space.

Ras Al Khaimah, known for its rich cultural sites, is turning to the digital assets sector to diversify its economy away from traditional avenues such as tourism.

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.

The M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody digital assets.

Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned.

Laser Digital said it would also launch trading and asset management operations in the coming months, including over-the-counter service.

The blockchain and Web3 hub will serve as a center for knowledge exchange and collaboration between technology firms and government entities in Africa.

The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty.

According to Bloomberg, the Dubai crypto regulator is also seeking similar details from other global crypto players.

The Swiss crypto bank, however, would stick to its policy of not onboarding United States clients as it focuses on its core target market.

The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub.

The free zone for virtual asset firms in the Ras Al Khaimah emirate aims to foster regulated and non-regulated activities.

Free-trade zones in the UAE are areas where entrepreneurs have 100% ownership of their businesses and have different regulatory frameworks and tax schemes.

Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies.