Crypto in MENA-3

Saudi Arabia Exploring Possibility of Implementing Blockchain in Government

Saudi Arabian Prince Bandar Bin Abdullah Al Mishari expressed support for the implementation of Blockchain projects in the Kingdom as well as the possibility of allowing the utilization of cryptocurrencies. Prince Bandar is the assistant to the Saudi Minister of Interior for technology. Further in his interview on Rotana he stated that “The Saudi Ministry of Communications and IT are studying the possibility of implementing Blockchain and cryptocurrencies in the government alongside the Digital government authority. They have discussed Web3 technologies and what can be done with them.”

Dubai-based digital platform My Menu allows users and restaurants to settle bills in crypto 

My Menu has over 3500 restaurants and 450 hotels across more than 70 countries. They work closely with a number of popular hotel brands, such as Sofitel, Fairmont Marriott and Sheraton. 

Dubai International Financial Center (DIFC) launches world’s first venture studio focused on digital asset technologies

Dubai International Financial Center (DIFC) has launched the “Studio Launchpad”, a venture studio platform that is focused on digital asset technologies and “ubiquitous” finance. The new venture studio aims to incubate 10 unicorns, 100 scale-ups, and over 8,000 innovation jobs from Dubai.