Crime
Thodex founder handed over 460 life sentences in prison for massive Turkish crypto scandal
Fatih Özer has maintained his innocence despite his heavy prison sentence.
Oluwapelumi Adejumo 2 min read
Middle East News
Regional policy, exchange hubs, tokenization, and sovereign initiatives across the Middle East.
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Adoption
More than half of Turkey has turned to crypto amid rapid currency devaluation – KuCoin report
The survey was conducted in May 2023 and found that found that 52% of Turkish adults aged 18 to 60 have invested in cryptocurrencies, a 12% increase from 40% in November 2021.
Crime
Israeli Police recommend charges against businessman Moshe Hogeg as global crackdown on crypto scams rages on
Efforts from law enforcement communities worldwide are resulting in widespread charges against scammers and bad actors.
Latest Middle East Crypto News & Analysis
Bankruptcy
Bankrupt FTX seeks court approval to liquidate solvent Dubai subsidiary
FTX Dubai holds approximately $4.5 million in several accounts, according to court filings.
Regulation
Dubai expands crypto licenses, granting approval to Nomura
Dubai boosts crypto industry by granting full license to Nomura's subsidiary, reinventing the city as a global crypto hub.
Regulation
Binance secures first operational license in Dubai amid regulatory hurdles in Europe.
First digital asset VARA license granted to a crypto exchange in Dubai issued to Binance.
Regulation
Dubai’s virtual assets regulator suspends critical license for crypto exchange BitOasis citing regulatory non-compliance
Regulators have published a market alert concerning the exchange's MVP license.
Adoption
Israeli crypto bill aims to clarify regulations and attract foreign investors with new tax incentives
The bill includes language that would reduce the current 50% tax on crypto bonuses given to employees to 25%.
Analysis
Global regulatory developments are literally reshaping the crypto world
Governments across the globe are catching up cryptocurrency innovation as they work to establish regulations that will shape the industry's physical and geographical presence.
More Middle East Crypto News Headlines
Regulation
Asia is a ‘huge area of focus’ for Circle, especially Hong Kong: CEO Jeremy Allaire
Adoption
Crypto ownership in Turkey, Argentina and Philippines surges as inflation skyrockets
Mining
Marathon, Zero Two to launch sustainable mining operation in Abu Dhabi
Regulation
