Dear Investors and Supporters,
In line with our commitment to keep you up-to-date with the daily developments concerning the X8 project, we are sharing with you the news about a significant step forward in the project’s progress.
As you know, Francesca Greco, X8 Director, launched during 2018 a vast campaign in view of X8Currency expansion in the Middle East. The campaign aimed at raising awareness of X8Currency in view of its launch in the UAE and culminated with the sharia compliance certification. Latest developments indicate that this campaign is bringing its fruits.
Yesterday, X8 CEO, Gregor Kozelj had a meeting with the CEO of the Securities and Commodities Authority (STA) in Abu Dhabi. The SCA oversees the financial infrastructure of the securities and commodities markets in UAE, functions as a regulator and communicates with international institutions. They are committed to principles of transparency and encouragement of innovation.
Several distinguished financial experts of the SCA were present at the meeting: CEO, Dr. Obaid Saif Al Zaabi; Executive Director of Licencing, Khaled Ghaid Al Zaabi; Director of Issuance and Disclosure Department, Said Saeed Al Tunaiji; Senior Financial Market Advisor, Dr. Mounther H. Barakat; Advisor for Financial Markets Gaurang Vinod Desai, Dr. Sakhar, Head of the Private Office of H.H. Sheik Saeed bin Tahnoon Al Nahyan and H.E. Saeed Romaithi, Head of X8 Strategy for Middle East .
The meeting focused on presenting to the UAE Regulator, X8Currency and X8 Fintech in view of the launch of X8Dollar and X8Currency in the UAE. The SCA welcomed X8 innovative vision and manifested a clear and firm interest to cooperate with X8 in view of bringing our products into the UAE market. Particularly SCA invited X8 to immediately apply to get a license to market our range of innovative products in the UAE. They also stated that X8 would be the first to obtain such license which would put us in a strategic position in the market.
X8 PROJECT WELCOMES A NEW OFFICIAL ADVISOR
The X8 team is very pleased to announce that H.E. Saeed Romaithi has been appointed by X8 as Head of the Strategy for the Middle East. Mr Romaithi has officially become an advisor to X8Currency.
H.E. Romaithi has been contributing to bringing awareness about X8currency at the highest levels of the government of the UAE.
We invite you to keep checking our blogs, news section and social media to stay in touch with the rapid acceleration of the latest developments!