Public Security chief launches digital vehicle plate wallet service    'Action is in our nature': 4th Saudi Green Initiative Forum to be held at COP16    Pop hit APT too distracting for South Korea's exam-stressed students    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Mohammed Al-Habib Real Estate Co. sets Guinness World Record with largest continuous concrete pour    PIF completes largest-ever accelerated bookbuild offering in MENA region    Saudi Arabia signs renewable energy program with Azerbaijan, Kazakhstan and Uzbekistan at COP29    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Human Rights Watch accuses Israel of mass displacement in Gaza amounting to war crime    Thousands of protesters march in Paris ahead of tense football match between France and Israel    Republicans win 218 US House seats, giving Donald Trump control of government    UN sounds alarm at Israel's 'severe violations' at key buffer zone with Syria    Order vs. Morality: Lessons from New York's 1977 Blackout    Saudi, Indian foreign ministers co-chair Cooperation Committee meeting in New Delhi    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    'Marvels of Saudi Orchestra' to dazzle audience in Tokyo on Nov. 22    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    Rita Ora is tearful in tribute to Liam Payne at MTV Awards    France to deploy 4,000 police officers for UEFA Nations League match against Israel    Al Nassr edges past Al Riyadh with Mane's goal to move up to third    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GCC sees effects of the crypto hype
The Saudi Gazette Published in The Saudi Gazette on 29 - 06 - 2019

2019 seems to be the year that the MENA region starts to embrace Blockchain, cryptocurrencies, Security token offerings and even Bitcoin luxury watches.
Since May for example ADGM, (Abu Dhabi Global Market) has provided three crypto exchanges with preliminary approvals to operate. Bitoasis was the first to announce its approval in May, followed by ABX Crypto early June and yesterday DEX crypto asset exchange also received approval. It also seems that KRAKEN one of the first crypto exchanges to be launched globally is setting up office in UAE. These are all interesting developments that reflect the
We also have seen big conglomerates like Emaar embrace the digital asset scene. News came out that Emaar is preparing to launch its Security token offering. Tzero was in discussion with them. Even UAE Based Locuschain announced that it would be listing its token on Latoken soon. While ME azfundchain held its first Initial Exchange offering on Stexcom and UAE Emal raised 185 million from its token sale.
We also see more telco operators embrace blockchain by providing Blockchain as a service solutions to enterprises and governmental entities. Etisalat announced UAE Trade Connect project with
UAE banks as well as its partnership with Dubai Land Department to offer Blockchain Tejari platform as a service. In addition Dutelecom is building two blockchain as service offerings in collaboration with ConsenSys.
The same momentum is growing in KSA ad Turkey. Saudi Aramco investment subsidiary has invested in a Blockchain company that works with oil and gas industry. Turkey has launched its national Blockchain platform.
Even the luxury scene in the GCC region is seeing the effects of the crypto hype with Franck Muller launching the first Bitcoin watch in the UAE.
Most importantly UNLOCK is inviting startups from around the globe and the region to participate in the UNLOCK Blockchain Challenge that will be held in our UNLOCK Blockchain forum 2020 on Jan 28th -29th 2020. If interested in being part of the challenge please send an email to [email protected] – SG

Clic here to read the story from its source.