The United Arab Emirates (UAE) is known as one of the countries with a relaxed crypto regulatory framework. But they are becoming more active in regulation after landing a $2.7 million fine on crypto exchange for flaunting crypto regulations. UAE…
Abu Dhabi Plans $1 billion for Blockchain and Web3 Startups
Abu Dhabi’s Venom Foundation and Iceberg Capital plan to invest $1 billion in Web3 and blockchain technology firms through a new partnership. The Venom Ventures Fund plans to invest in various decentralized applications (DApps) and protocols that focus on areas…
The UAE Health Ministry Reveals Blockchain Solution for Medical Data
The UAE’s Ministry of Health and Prevention (MOHAP) has teamed up with the Ministry of Presidential affairs as well as Dubai Healthcare City, to launch a Blockchain-based health data storage platform. According to the Emirates News Agency on Feb 2,…