Regulation
Turkey drafts new bills to increase regulatory oversight of crypto
Among the proposals is a requirement for crypto firms to have a minimum capital of 100 million liras (roughly $6 million).
Jinia Shawdagor 2 min read
Middle East News
Regional policy, exchange hubs, tokenization, and sovereign initiatives across the Middle East.
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Adoption
Dubai-based law firm, school to start accepting crypto payments
Ashish Mehta of Ashish Mehta & Associates claims Dubai and the UAEs regulatory and compliance framework encouraged his law firm to accept crypto payments.
CBDCs
Israeli central bank yet to make decision on pursuing CBDC despite public support
A research by the Bank of International Settlements (BIS) shows that nine out of ten central banks are working on a CBDC project presently.
Latest Middle East Crypto News & Analysis
Adoption
Kraken secures regulatory approval to set up shop in Abu Dhabi
Kraken has become the latest crypto exchange to secure regulatory approval for a regional HQ in the UAE.
NFTs
Floyd Mayweather to fight Don Moore in the world’s first-ever NFT sports event in Dubai
The worlds first NFT pay-per-view boxing match is taking place in Dubai, and it features two undefeated boxers, Floyd Mayweather and Don Moore.
NFTs
Emirates airline launches NFT as it flies into the Metaverse
Emirates airline has revealed that it is going to convert its pavilion at the Expo 2020 in Dubai into a Web3, NFTs, and Metaverse projects center.
Exchanges
Binance gets in principle approval to operate in Abu Dhabi
Abu Dhabi has become the third Middle Eastern jurisdiction to grant Binance regulatory approval after Dubai and Bahrain.
Crime
Turkey wants crypto scammer jailed for life
The founder and CEO of Thodex exchange has been on the run since last year after his firm was discovered to have perpetrated a fraud.
Adoption
Exchanges in the Emirates: Crypto.com and Bybit to set up shop in Dubai
Crypto.com and Bybit have become the latest crypto firms to secure approval for full scale operations in the UAE.
More Middle East Crypto News Headlines
Metaverse
Turkey goes all-in on the metaverse, but is the public ready?
Adoption
Top Israel bank to start offering crypto trading services
Regulation
FTX Europe becomes the first crypto exchange licensed under Dubai’s regulatory framework
Exchanges
