Even Iran’s minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country’s power grid.
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.
HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.
Central Bank of Kuwait issues warning against crypto investments
The Central Bank of Kuwait says that a “real” currency is one issued by the state.
Blockchain Research Institute expanding to Africa, the Middle East and Korea
Three new BRI divisions will foster innovation and research in their respective regions.
2 reasons why Casper (CSPR) IOU token rallied 2,300% in one week
CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it’s even listed on major exchanges.
Shariah-Compliant Crypto Exchange Wins License From Bahrain Central Bank
Launching soon, CoinMENA said it will offer spot trading in five major cryptocurrencies.
Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital.
Ripple Opens Dubai HQ as Blockchain Firm Mulls Leaving US
The blockchain company’s new Middle East and North Africa headquarters will be within the DIFC financial hub.
What It’s Really Like to Live on Bitcoin in the Middle East
The story of a Syrian migrant in Iraq shows how bitcoin can work as intended – as a global currency that transcends borders.
The Truth About Bitcoin and Hezbollah in Lebanon
Will Hezbollah in Lebanon use bitcoin? The data suggests terror activity is uncommon despite surging crypto popularity across the Middle East.
How Bitcoin Fits Into Lebanon’s Banking Crisis
Lebanon’s crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent.
Iran Issues License for Nation’s Biggest Bitcoin Mining Operation
A Turkish firm has been granted a license to operate a data center with up to 6,000 bitcoin mining machines.
Bitcoin in Emerging Markets: The Middle East
Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.
Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East
Bitcoin fell 40 percent this week from coronavirus shocks, but it’s still seen as a safe haven in the Middle East.
How Bitcoin Is Used to Promote Human Rights: Stories From Activists and Refugees
CoinDesk reporter Leigh Cuen is joined by the Human Rights Foundation’s Alex Gladstein and Syrian entrepreneur Moe Ghashim to discuss how cultural context shapes the way people view bitcoin, including stories from the Middle East.
Crypto Exchange Rain Raises from BitMEX, Opens Trading In Middle East
BitMEX Ventures-backed crypto exchange Rain opens for business following a two-year sandbox program under Bahraini central bank
Egypt Lifts Ban, Will Allow Licensed Cryptocurrency Companies
Egypt is considering legislation that would let the central bank issue licenses for cryptocurrency-related activities.
National Bank of Kuwait Taps Ripple for New Remittance Service
National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.
UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019
Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.