Bitcoin passed the $60,000 mark for the first time on Saturday, with analysts saying the giant US stimulus package helped boost the world’s most popular virtual currency on its record-breaking run.
The SBP said the accounts have been opened by overseas Pakistanis from over 100 countries, indicating the increasing reach of the RDA and helping the government and the central bank improve the external account of the country.
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.
Bitcoin recently exceeded the $23,000 mark – an all-time high – which has set the global investment community buzzing. Ethereum, the world’s second largest cryptocurrency by market capitalization,
Emirates NBD, a leading banking group in the MENAT region, has completed successful migration of its customer base to the Smart Pass service to support safer digital transactions.
Japan has no plans now to issue central bank digital currencies but must deepen research on the possibility, the government’s top spokesman said on Friday.
Mohammed Abdul Salam, Founder and CEO of the first digital currency platform in the UAE, ‘BURENCY’, said that the platform is 100% made by Arabs, and a fully secured one. Dubai has been always supportive and encouraging to all innovative companies, which contributed in the launch and success of BURENCY in the Arab market, earning the trust of various users and traders.
A rising number of central banks (CBs) are likely to issue their own digital currencies in the next few years, research by the Bank for International Settlements (BIS) showed, as interest in the technology heats up.
The Ministry of Finance (MoF), announced the completion of phase one of the transformation of the e-Dirham system, in cooperation with relevant ministries and national banks across the UAE.
The Emirates Payment Services has announced the launch of Empay, the world’s first contactless instant credit lifestyle payment ecosystem. Empay, designed and developed within the UAE’s Smart Government programme framework, is a payment