Dubai’s Economic Ready for Blockchain-based KYC

Dubai’s Department of Economic Development and Dubai International Financial Centre signed an agreement as published on its website on April 6th that they are working to expand their Know Your Customer platform to financial institutions across the UAE.

The project was first announced in February 2020.

The platform will enable efficient sharing of verified KYC data among licensing authorities.

UAE Minister of Economy sees crypto and asset tokenization will double the size of its economy.

Author: mBRzeVZxHo

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