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Bahrain-Backed Bank Launches Digital Asset Custody Service

[Nov 5, 2024 11:30 AM] Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets. Bahrain Aims to Connect Asian and MENA Markets…

Capstone Technology Gets $5.4M for GAYA Blockchain Project

[Sep 17, 2024 10:30 AM] Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment. Capstone Technology…

Nigerian Civil Society Groups Praise Crypto Tax Proposal

[Aug 29, 2024 3:30 AM] A coalition of Nigerian civil society organizations has applauded the plan by Zacch Adedeji, head of the Federal Inland Revenue Service, to include cryptocurrencies in the tax system. The CSOs believe this move will boost confidence in the crypto…

UAE Bank Launches VASP-Focused Accounts for Managing User Funds

[Aug 1, 2024 4:10 PM] Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports…

Bitcoin Policy Group Urges UK to Retain Bitcoin Holdings

[Jul 27, 2024 11:40 AM] The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial…

Jordan Launches National Blockchain Technology Network

[Jul 20, 2024 12:30 AM] The Ministry of Digital Economy and Entrepreneurship in Jordan has launched a national blockchain technology network in partnership with Jordanian blockchain company Blockexe. The implementation of blockchain technology in Jordan’s government…

Thailand Threatens Facebook With Shutdown Over Crypto Scams

[Aug 23, 2023 3:30 AM] The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the…