Tagged: dubai

May 16, 2018 @ 12:02 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) announced on Wednesday the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in fintech and the digital economy. According to DFSA, the ITL program enables firms to test innovations in fintech in or from the… Read More

May 3, 2018 @ 9:43 am By Samantha Hurst  |  

On Tuesday, the Department of Economic Development (DED) in Dubai and Dubai Silicon Oasis Authority (DSOA) unveiled a joint blockchain project that was developed in collaboration with Smart Dubai and IBM to improve ease of doing business in Dubai and facilitate foreign direct investments. According… Read More

March 26, 2018 @ 2:21 pm By Samantha Hurst  |  

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

February 27, 2018 @ 9:18 am By JD Alois  |  

Propnology, a property crowdfunding platform that is based in the UK and has been in operation since 2015, is equity crowdfunding on Dubai-based Eureeca. One of the first FCA approved property investment  platforms, Propnology is seeking £300,000 for a 14% equity stake in the firm…. Read More

February 21, 2018 @ 2:38 pm By Victoria Silchenko, Ph.D.  |  

“Is the future of cryptocurrencies gold or dust?” That million-BTC question was debated at one of the sessions of the recent World Government Summit – a “Davos forum” based in Dubai which is often called the City of the Future. More than 4,000 participants from… Read More

February 19, 2018 @ 9:21 am By JD Alois  |  

Telegram or “TON Issuer Inc,” (TON = Telegram Open Network) has filed a Form D with the Securities and Exchange Commission indicating Telegram has raised $850 million making it the largest initial coin offering ever. The date of the first sale was on January 29,… Read More

January 8, 2018 @ 6:42 pm By JD Alois  |  

Telegram, the social messaging app that every single ICO uses to share information and answer questions, is reportedly planning a massive ICO. The story was first picked up by Cyptovest referencing a post by former director Anton Rozenberg and a leaked roadmap. Rozenberg speculated that… Read More

December 7, 2017 @ 9:41 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

November 25, 2017 @ 11:00 am By Samantha Hurst  |  

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

November 9, 2017 @ 2:39 pm By Samantha Hurst  |  

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL). According to the organization, Sarwa Digital Wealth is considered the first fintech operator to receive approval for this special… Read More

October 30, 2017 @ 10:29 am By JD Alois  |  

Enerwhere, the “world’s first” distributed solar utility company, has become the region’s largest equity crowdfunding round. Listed on Eureeca, Enerwhere has already seen almost $700,000 committed. Eureeca is the first multi-regulated global Equity Crowdfunding platform based in MENA. Chris Thomas, Co-Founder and Co-CEO of Eureeca, commented; “The… Read More

October 5, 2017 @ 10:19 am By Samantha Hurst  |  

On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The… Read More

October 1, 2017 @ 9:46 am By JD Alois  |  

  Beehive, based in Dubai and MENA’s leading peer to peer lending platform, has raised $5 million in funding as part of a Series A round led by Riyad TAQNIA Fund along with participation by the Mohammed Bin Rashid Fund (MBRF), the financial arm of… Read More

September 14, 2017 @ 8:30 am By JD Alois  |  

Eureeca, a Dubai based multi-regulated global Equity Crowdfunding platform, has shared that it has successfully reached its funding target during its second self-crowdfunding round having raised over $400,000 in just 6 hours. The self-funding campaign represents a portion of an ongoing Series A round, which… Read More

September 14, 2017 @ 7:47 am By JD Alois  |  

Securities Commission Malaysia (SC) has released a statement on the recently signed cooperation agreements with major financial centers. These “Fintech bridges” are described as a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry. Recently, SC has established… Read More

September 12, 2017 @ 11:03 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech.  According to both parties, this agreement reflects efforts by both authorities to provide a robust regime that fosters financial innovation in the… Read More

August 28, 2017 @ 9:05 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have signed an agreement to cooperate on Fintech innovation. The two public entities said the agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem… Read More

August 1, 2017 @ 4:27 pm By JD Alois  |  

The Dubai Financial Services Authority (DFSA) announced the enactment of a regulatory regime designed to engender a robust crowdfunding ecosystem for the country. The new regulations are part of a strategy to foster an innovation driven economy. Empowering entrepreneurs and startups by providing the access… Read More

August 1, 2017 @ 7:51 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has today launched a regulatory framework for loan and investment-based crowdfunding platforms. The DFSA noted this is the first such framework in the  Gulf Cooperation Council (GCC) member countries. The new crowdfunding regulatory approach is part of the DFSA’s… Read More

July 23, 2017 @ 12:06 pm By JD Alois  |  

Transforming the Middle East into a leading Cashless Economy 30+ Speakers                     200+ Delegates                 20+ Exhibitor                     8+Workshops Towards Dubai government’s aim to make the UAE among the best countries in the world by the Golden Jubilee of the Union, we have launched the… Read More