At a recent hearing in Seattle District Court, Judge Richard Jones upheld the guilty plea of Changpeng "CZ" Zhao, the founder of Binance, on money laundering charges.
Although the $4.3 billion deal between his exchange and U.S. authorities was accepted more than two weeks ago, the decision on…
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United Arab emirates
The BRICS approve the entry of new members
This Thursday, during the BRICS meeting in South Africa on the occasion of the group's fifteenth summit, the entry of new members was announced: Iran, Saudi Arabia, United Arab Emirates, Argentina, Egypt and Ethiopia.
The extension of the…
Hong Kong and the United Arab Emirates work on crypto regulation
The financial authorities of Hong Kong and the United Arab Emirates are working on the crystallization of a joint regulatory framework for the use of cryptocurrencies.
In the search for alternative financial mechanisms to the US dollar,…
Dubai to build the world’s first Bitcoin Tower
The United Arab Emirates will soon be able to boast the first Bitcoin Tower. It is a 40-story hotel that will be in the form of cryptocurrency.
A Dubai developer recently unveiled “blueprints for the world's first Bitcoin (BTC) Tower. The…
Arab countries from OPEC to cut voluntarily oil production
A voluntary cut in oil production was announced by Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Iraq and Oman. The measure will be applied from next May and until the end of the year.
This reduction is in addition to the one…
Dubai creates rules for the issuance of cryptocurrencies
The city of Dubai, part of the United Arab Emirates, now has an entity that will be in charge of supervising the cryptocurrency space for the issuance of them.
For a year now, city regulators have been working on creating a legal framework…
Russians seek to convert their assets into cryptocurrencies
Several reports assure that some millionaires from Russia would be heading to the United Arab Emirates in order to be able to liquidate their assets in cryptocurrencies.
Given the situation between Russia and Ukraine, added to the number…
Dubai becomes the world’s first paperless government
The digital transformation initiated by the Government of Dubai in 2018 has culminated and with this the country becomes the first in the world to be 100% paper-free. The information was released on December 11 by the crown prince of this…
UAE announces plan to revive the economy
The new economic and migration plan for the United Arab Emirates is expected to attract investments of 150,000 million dollars for the next nine years. This was reported by Abdulla bin Touq, the Emirati Minister of Economy, who also…
UAE prepares cryptocurrency launch
The United Arab Emirates are working on developing their own cryptocurrency, which is expected to come out between 2023 and 2026.
This launch will be thanks to the efforts of the Central Bank of the United Arab Emirates (CBUAE), which…
China teams up with Thailand and the UAE in crypto project
Banking entities located in China, Thailand and the United Arab Emirates, together with the Hong Kong Monetary Authority have strengthened cooperation for the creation of a cryptographic pilot plan called the Multiple Central Bank Digital…
Zhao: “Cryptos will not be a payment method”
Binance exchange CEO Changpeng Zhao said that cryptocurrencies despite their current popularity will not become a payment method.
Currently, just 0.1% of the world population owns any digital asset, a negligible number in Zhao's opinion,…