Middle East, Asia and Africa blockchain association launches in Abu Dhabi

Middle East, Asia and Africa blockchain association launches in Abu Dhabi

A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region. A new blockchain and cryptocurrency-focused association has been launched within Abu Dhabi's free economic zone that aims to further the development of blockchain and crypto ecosystems across the Middle Eastern, North Africa, and Asian regions.The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on Nov. 8 in the Abu Dhabi Global Market (ADGM), a free....


Related News

Abu Dhabi Securities Exchange Announces Blockchain eVoting Service

Abu Dhabi Securities Exchange becomes the first stock exchange in the Middle East to incorporate blockchain eVoting solution. The Middle East is emerging to be one of the most receptive markets for Blockchain technology. Yesterday, Abu Dhabi Securities Exchange (ADX) became the latest financial institution in the region to announce the implementation of blockchain technology-based voting services. The announcement made at the ongoing GITEX Tech Week event closely follows Dubai Government’s recent decision to use distributed ledger technology to maintain records. ADX’s implementation for....

UAE Bitcoin Conference Aims to Make Mid-East a Fintech Hub

ABU DHABI, United Arab Emirates — The Bitcoin Conference Abu Dhabi organizers hope to make the UAE a center for fintech, Bitcoin and blockchain innovation in the Middle East with its upcoming conference in Abu Dhabi on December 8, 2016. In a press release, conference organizers noted that government agencies and businesses have expressed early interest in fintech, with over 30 firms and organizations starting work on fintech proof-of-concepts in 2016. Furthermore, financial authority Abu Dhabi Global Market released a consultation paper in 2016 outlining plans to “create a sandbox....

Abu Dhabi’s Largest Bank Just Launched Blockchain Cross Border Payments

The National Bank of Abu Dhabi has introduced real-time cross-border payments on a blockchain by integrating technology from industry firm Ripple. The offering will immediately benefit customers in the Asia-Middle East remittance corridor. Announced today, the NBAD laid claim to be the first bank in the Middle East and North Africa (MENA) region to go live with blockchain technology for real-time remittance. The new feature will facilitate its entire regional customer base with efficient, instant cross-border payments. In statements, Vineet Varma, NBAD managing director and chief for....

Female Entrepreneur Launches Bitcoin Exchange BitOasis in Dubai

Ola Doudin, a female Jordanian entrepreneur, has launched a bitcoin wallet and exchange, BitOasis, in Dubai, after having difficulty finding any place to buy bitcoin in the region, according to The National Business in the United Arab Emirates. BitOasis plans to be the first bitcoin company in the Middle Eastern and North Africa (MENA) region to be registered in a major technology center in the region, according to its website. The wallet service is available in the Middle East, North Africa and Asia. Users in Saudi Arabia, the UAE, Kuwait, Qatar and Bahrain can also use the exchange....

Tech Consultant Giant: Blockchain ‘Integral to Mid-East Digital Economy’

International tech consultants Booz Allen Hamilton (BAH) have authored a report stating blockchain is “integral to supporting and realizing a digital economy in the Middle East.” Mid East Undergoing ‘Rapid Change’. The report, released today titled “Blockchain Technology – Can the Digital Economy Thrive Without It?” focuses on the benefits that....