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Dubai launches instant bank account opening facility

News | Payments General | 20 Feb 2020

The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.

Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, Rakbank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.