BDAMEX awarded IPA to operate crypto
asset exchange
B
DAMEX has announced it has been
awarded in principle approval (IPA) to
operate a crypto asset exchange. The licence
was granted earlier this year by the Financial
Services Regulatory Authority (FSRA) of Abu
Dhabi Global Market (ADGM).
Under the regulatory frameworks set
by the FSRA, BDAMEX will provide a
comprehensive exchange platform
instilled with proper regulated governance,
oversight and transparency over crypto
asset activities that until this point has been
lacking in the marketplace.
With a growing demand for institutional
investment in crypto assets, BDAMEX’s
regulated exchange will meet the needs of
the crypto asset customer base.
In partnership with leading financial
institutions, market makers, exchanges and
world class technology partners BDAMEX
BDAMEX has been
awarded IPA to
operate crypto
asset exchange
expects to build a regulated crypto asset
exchange, with a focus on an institutional
client base – before the end of 2019.
Richard Schaeffer, former Chairman of
New York Mercantile Exchange (NYMEX)
who was responsible for NYMEX’s
transformation into an electronic trading
platform while increasing its value to over
US$13 billion, spearheading one of the
most successful IPOs in history, has joined
as the Chairman of BDAMEX. Schaeffer
is confident that the team at BDAMEX is
building a world-class regulated exchange
where institutional traders, high net worth
individuals and retail investors can come
and find a safe and secure platform to trade
crypto assets.
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Batelco launches ‘Batelco Talks’ with Artificial
Intelligence presentation
B
atelco, the leading digital solutions
provider in the Kingdom of Bahrain, has
launched its Batelco Talks project, with the
aim of fostering a learning environment
and encouraging staff to participate in the
exchange of knowledge.
A talk on Artificial Intelligence (AI) was the
topic of the first session which was held
at Batelco Headquarters in Hamala. The
opening remarks of the event were delivered
by Batelco Chief Human Resources Officer,
Faisal Al Jalahma, with the session entitled
‘Exploring the Business Opportunities of AI’
delivered by Ameen Al Tajer, Managing CEO
of Infiniteware, an AI company that provides
products and services to several prominent
clients. The session highlighted the trends
surrounding AI, related business opportunities,
challenges and ethical concerns.
A number of Batelco executives and
staff attended the session as part of the
www.intelligentcio.com
company’s strategy towards fostering a
learning environment and encouraging
knowledge sharing. The strong participation
at the event reflects the interest of staff in
educational events aimed at upgrading the
technological culture within the company.
Attendees engaged with the speaker and
were excited to share their views about the
topic in relation to the telecommunication
industry. Such events provide an interactive
platform for attendees to exchange
knowledge with industry leaders, particularly
in the field of telecommunications and
digital technology.
INTELLIGENTCIO
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