Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019

Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Co-founded by Saudi blockchain consultant Abdullah […]

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Abu Dhabi Markets Watchdog Mulls Cryptocurrency Exchange Regulations

Abu Dhabi’s markets regulator is considering drawing up a supervisory framework for cryptocurrency exchange operations. In an announcement, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market said it is “reviewing and considering the development of a robust, risk-appropriate regulatory framework to regulate and supervise activities of virtual currency exchanges and intermediaries.” The FSRA […]

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