Bahrain regulated CoinMENA, a crypto asset service provider - category 3 license holder has partnered with Carlton Real Estate, a Bahrain-based real estate agency, that allows investors in the Kingdom to purchase real estate property using crypto assets. Under the partnership, the leading Bahrain-based real estate broker will accept stablecoins like USDT and USDC. CoinMENA is a leading crypto asset service provider - category 3 that is regulated and licensed by the Central Bank of Bahrain, serving the Middle East and North Africa (MENA) region. The trading platform allows retail and institutional investors access to digital assets investments and directly connects their bank accounts with their CoinMENA wallets to facilitate quick and frictionless money transfers.  Carlton Real Estate, a Bahrain-based company established in 1996, is a certified broker with a RERA-Bahrain license and offers a wide range of real estate services to corporate and individual clients throughout ...

  Ali Sajwani Chief Operating Officer of DAMAC Group told al Roeya media outlet in an interview that UAE DAMAC Properties sold 50 million USD worth of properties in crypto since the beginning of 2022. As he explained, “DAMAC started accepting crypto as part of our efforts to enhance our service offering in the digital economy. We want to make it easier for those dealing in crypto such as Bitcoin and Ethereum to purchase properties and pay using both these cryptocurrencies. We have succeeded in selling 50 million USD worth of properties via cryptocurrencies since the beginning of 2022. Payments happen through a third party regulated by Abu Dhabi global market authority, Havyn digital asset exchange. Clients purchase through Havyn and then Havyn transfers the amount to DAMAC’s digital wallet either in USD OR AED as per the exchange rate of Bitcoin or Ethereum at that time. So we don’t take any risk.” He also sheds light on DAMAC’s metaverse strategy. As he explains the strate...