May 12, 2025

Dubai is rapidly establishing itself as a central hub for the cryptocurrency industry. The recent TOKEN2049 conference attracted approximately 15,000 attendees, including major players like BlackRock, Goldman Sachs, and Binance. Despite global market fluctuations, Dubai’s favorable regulatory environment and significant investments, such as a $2 billion injection into Binance by Abu Dhabi’s MGX, underscore its […]

Iran is set to host the deBlock 2025 International Blockchain Conference, focusing on the role of blockchain technology in the future of BRICS nations. The event aims to foster discussions on financial innovation and economic potential, coinciding with Iran’s recent efforts to organize and supervise its cryptocurrency market through new directives. Source: Mehr News Agency

The Central Bank of Bahrain is preparing to implement new regulations governing the issuance of stablecoins. This initiative seeks to enhance financial accessibility and reduce transaction costs, positioning Bahrain as a progressive hub for digital asset innovation in the region. Source: Bitcoin News

Kuwaiti authorities have escalated efforts to shut down unauthorized cryptocurrency mining operations, which are blamed for exacerbating the country’s power shortages. Over 1,000 illegal mining sites have been identified and closed, as the government aims to alleviate pressure on the national power grid ahead of the summer season. Source: The Cryptonomist

Saudi Arabia has chosen not to renew its longstanding petro-dollar agreement with the United States, marking a significant change in global financial dynamics. This decision may influence oil trading practices and the dominance of the U.S. dollar in international markets. The move aligns with Saudi Arabia’s Vision 2030 initiative to diversify its economy and reduce