What new US crypto laws mean for the Middle East


Salim A. Essaid
  • English
  • Arabic

Crypto has reached a critical moment in its history.

The US released a slew of game-changing bills for cryptocurrency last week, signalling a long-anticipated seal of approval of crypto from the world’s largest economy.

Those bills are the Clarity Act, something called the Anti-CBDC Surveillance State Act, and – the Genius Act, which is what we are focusing on today.

It is all expected to have major implications for the Middle East, which has already established its own level of crypto adoption.

On this episode of Business Extra, host Salim Essaid hears from two experts; Naeem Aslam, CIO at Zaye Capital Markets in London, and Ola Doudin, CEO of UAE-based cryptocurrency exchange BitOasis.

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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