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Cryptoassets & Blockchain Legal News

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Saudi Arabia

Saudi Arabia and UAE to Launch Cryptocurrency for Cross-Border Transactions

The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the United Arab Emirates’ (UAE) have announced plans to issue a cryptocurrency to facilitate financial transactions between the two nations. The announcement was made by CBUAE Governor Mubarak Rashed Al Mansouri, speaking at the Arab Fintex Forum in Abu Dhabi on Wednesday (Dec 12), … Continue reading Saudi Arabia and UAE to Launch Cryptocurrency for Cross-Border Transactions

Switzerland

Crypto market sentiment deeply influenced by regulatory news, says BIS analysis

  Regulatory news has a strong influence on cryptocurrency prices, according to an analysis published by the Bank of International Settlement (BIS) last Sunday, September 23. The report attributes this influential relationship to the fact that virtual coins are typically governed by national laws, due to their reliance on existing financial institutions already overseen by various … Continue reading Crypto market sentiment deeply influenced by regulatory news, says BIS analysis

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