BlockByBlock | The Digital Dirham
The UAE announces plans for a "digital Dirham." Coinbase finds more trouble in the U.S. The UAE's Wadzpay improves its product offering. BlockByBlock interviews the CEO of Legion Network.
In This Week’s Issue
⚡ The Central Bank of the UAE unveils plans for a “Digital Dirham,” the nation’s central bank digital currency.
💸 The “Bear Cave,” a newsletter that hinted at Silicon Valley Bank and Signature Bank’s collapses before they occurred, highlights Coinbase as another potential failure candidate.
🌟 UAE-based Wadzpay launches version 2.0 of its new and improved Web3 payment-processing system.
💥 EXCLUSIVE: Athar Jameel Ahmed, the CEO of Legion Network, provides BlockByBlock with an exclusive interview in a new episode of “Around The Block In 60 Seconds.”
Local Developments
Blockchain Movements In The GCC 👇
The Central Bank of the UAE unveils plans for a “Digital Dirham,” the nation’s central bank digital currency.
The ruler of Ras Al Khaima, an Emirate in the UAE, introduces plans to establish a digital virtual asset free zone.
Sygnum Digital, a global digital asset bank, opens its doors in Abu Dhabi.
“The UAE has a proactive investment program, a progressive crypto regulatory framework and a dynamic, tech-driven economy. We look forward to leveraging this momentum by bringing Sygnum’s trusted digital asset services to Abu Dhabi and the region,” said Giulia Finkbeiner-Bertoni, Sygnum’s Middle East Senior Executive Officer.
Around The Block In 60 Seconds
About The Interviewee 🗣️
Athar Jameel Ahmed is the CEO of Legion Network, an all-in-one blockchain application targeting the Metaverse, play-and-earn, watch-and-earn and NFT segments. Legion Network also acts as a gateway to Web 3.0 projects that haven't launched yet.
The company took first place in AgoraGroup’s Xcompetition, a prize that won the company up to $2 million in funding and a trip to an accelerator in Germany.
Startup Action
Updates From The Startup Ecosystem 💸
UAE’s Wadzpay, an interoperable blockchain-based technology provider, launches Wadzpay 2.0, a new-and-improved iteration of its payment processing technology.
Dubai’s VARA grants Crypto.com a preparatory license for a minimal viable product.
XRPayNet, a crypto-fiat micromanagement solution provider, gears up for launch in the UAE.
Blockchain Trends
Global Trends 📉
The “Bear Cave,” a newsletter that hinted at Silicon Valley Bank and Signature Bank’s collapses before they occurred, highlights Coinbase as another potential failure candidate.
Do Kwon, founder of now-defunct TerraForm Labs, faces fraud charges from US prosecutors hours after arrest.
A Venezuela regulator shuts down cryptocurrency exchanges and mining operations as a result of fraud.
Upcoming Events
Blockchain Events By AgoraGroup 🔴
The Global Blockchain Congress will be hosted by AgoraGroup in London, England, on June 19th and 20th, 2023.
Blockchain Events Across The UAE 🔵
Blockchain Economy will be hosted between October 2nd to October 5th in Dubai, the UAE.
The Future Blockchain Summit will be hosted between October 17th and October 20th in Dubai, the UAE.