Blockchain maturity in all regions manifest, from the flourishing STOs Security token offerings & stablecoins to increasing blockchain adoption & education.
As the blockchain matures we are seeing more and more announcements on STOs Security token offerings as well as stablecoins meant to once again flourish the use of crypto and crypto investments in the blockchain ecosystem. Examples of this were plentiful this week as we read news on AnthemGold stablecoin launch in USA, South Africa’s Mobus STO exchange, and both Veritoken and Blockstack STO approvals from the SEC.
As for the MENA region, just before the Holy Month of Ramadan commenced, Qintar Islamic Blockchain announced their ICO where their coin will be used for purchases within Islamic Holy places.
In addition companies such as Dhonor Healthtech and Du telecom continue to gain appraise by winning blockchain awards at the AIM startup Summit.
Despite this we still see uncertainty in regulations and legislations pertaining to cryptocurrencies in the region specifically in the UAE. The latest example is the removal of Amhora’s Bitcoin ATM from one of Dubai’s prestigious hotels. This was the first and only Crypto ATM to date in the region. This was mainly due to KYC (know your Customer) issues. It raises the questions as to how much have Central banks really looked into the crypto-currency debacle and if not now, then when?
Given all of this it looks like 2019 will be the year of Blockchain STOs, stablecoins, and implementations and in some cases it is governments such as Pakistan that will be leading this.
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