UAE

The United Arab Emirates is debuting a blockchain-based Know Your Customer

Dubai Debuts National Data Platform Powered by Blockchain

This platform is set to become a national system for the exchange of verified customer information. The Economic Development Department of Dubai, or DED. And the state-run bank Emirates NBD are carrying out their so-called UAE KYC blockchain network. 120 Local companies have signed up for Emirates NBD platform The new blockchain platform, first unveiled […]

UAE Startup Relies on Blockchain to Flatten Covid-19 Curve

The UAE-based startup incubator, in5, helps to develop blockchain-based methods for controlling the COVID-19 pandemic in the country and thereby flatten the curve. Liber Health, funded by in5, is one of the systems used to identify patients that supports blockchain technology. According to a study published on May 20. They are creating a contactless device […]

Blockchain KYC Platform in Dubai

Dubai Welcomes Global Businesses with First Blockchain KYC Platform

Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st. This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via an internal blockchain. Mashreq accomplishes this by removing the existing paper-based KYC procedure and replacing it […]

KYC blockchain platform

Moody’s Corporation Give Thumbs Up to UAE’s KYC Blockchain Platform

Moody’s Corporation has said that the new Know Your Customer blockchain platform in the UAE is credit positive for the nation’s lenders. According to the report by local media outlet The National on Feb 26, the rating agency has said that the platform will improve asset quality and boost profits. Per last week’s report, a […]

blockchain based health data storage platform

UAE Health Ministry Debuts Blockchain Platform for Medical Data

The UAE’s Ministry of Health and Prevention (MoHAP) together with the Ministry of Presidential Affairs, Dubai Healthcare City and other relevant authorities have launched a blockchain-based health data storage platform. According to the Emirates News Agency, the blockchain-based platform aims to improve the efficiency of MoHAP and other health authorities’ smart health services. It will […]

Qatar bans cryptocurrency trading

Qatar Bans Cryptocurrency Trading; May Create National Digital Currency

Cryptocurrency trading bans in Qatar. This Middle East country has a population of over 2.5 million but doesn’t want to adapt to the future of currency. According to the recent media reports, the Qatar Financial Centre (QFC) Regulatory Authority says that virtual asset trading remains out of sight from the QFC at this time. The […]

IMF Issues Stability Assessment Report on Malta Financial Services Authority

Ripple and Finablr’s UAE Exchange Extend Reach in Thailand with Blockchain Payment Services

Finablr, a UAE-based payments and foreign exchange firm, has announced its collaboration with Ripple to introduce a blockchain-based payment service to streamline cross-border remittances and payment system in Thailand. The company has stated that its brands, namely UAE Exchange and Unimoni, are partnering with Ripple to make money transfer across borders faster and more secure. The organization has also disclosed its plans to extend its services to other countries, gradually.