Mubadala Investment Company, one of United Arab Emirates’ sovereign wealth funds, is looking at investments in the ‘crypto ecosystem,’ CEO and Managing Director Khaldoon Al Mubarak said in an interview with CNBC.“I think its (crypto) is real, this is a business that had $200 billion worth of value two years ago, and is $2.5 trillion value today and growing. So while many people … [Read more...] about UAE Wealth Fund Mubadala Investing in Crypto Ecosystem: CEO
UAE
UAE to experiment and launch an in-house digital currency
The United Arab Emirates becomes the latest country to join the race for experimenting with an in-house digital currency. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE, or CBUAE, intends to stand among the top 10 central banks across the world.CBUAE’s strategy involves seven objectives to help drive … [Read more...] about UAE to experiment and launch an in-house digital currency
UAE employs blockchain tech for remote litigation services
The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency.The adoption of blockchain tech is expected to cut down on the time, effort and expenditure spent by the UAE’s Ministry of Justice in authenticating and verifying contracts … [Read more...] about UAE employs blockchain tech for remote litigation services
UAE enables private sector to adopt blockchain tech
It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media.To help the country with its adoption efforts, the UAE government has … [Read more...] about UAE enables private sector to adopt blockchain tech