UAE

Both the banks have joined a long list of other leading global banks as CLSNet users.

While Russian forex traders deposit most often, the largest amounts come from the United Arab Emirates.

The UAE-based brokerage has changed its name after the recent acquisition by International Holding Company.

The latest data show interesting patterns as forex traders in Vietnam have made the biggest deposits.

SAMA and the central bank of the UAE jointly published a report to show key benefits of a CBDC.

In August forex traders from the Middle East had the biggest deposits, but Asian investors were close behind.

The license was awarded to the firm's UAE subsidiary, GO Markets MENA DMCC.

The move is aimed at implementing the integrated financial brokerage institution model, which includes FX brokers.

The platform will launch its services in Q3 2020.

The bank commits to expanding its digital footprint in trade financing and distribution

The DIFC and Mashreq Bank have launched the platform as part of a greater blockchain initiative in the UAE.

The project was officially unveiled earlier this year and named Aber.

The region shows a lot of promise, and as knowledge of the FX industry grows, so will trading.

The firm is targeting to expand its business in the MENA region.

The services will be provided through Finablr’s UAE Exchange.

The launch comes less than a month after the broker acquired a Dubai Financial Services Authority license.

Details are still being worked out, but the token will not be for use by the general public.

The CEO has ambitious plans to expand the platform to neighbouring GCC countries.

Only for bank payments, the new coin is being created in conjunction with the UAE.

Initial coin offerings would give companies an alternative to IPOs, which have been very limiting in the country.

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