Dubai is the largest city of the United Arab Emirates and the most important trading, economic and tourist center of the UAE and the Near East. The city functions as a modern center of advanced technologies, so in terms of Bitcoin, Dubai has become a very popular place for startups and trading. The city has also become the first in the Near East that has opened an investment and trading platform with an official license that allows storing cryptocurrency in “cold” storage that, according to its developers, is protected from any natural disaster. In Dubai, cryptocurrency has been met with progressive legislation and high demand because the city works as a link between less developed countries, whose citizens buy cryptocoins in Dubai because of hyperinflation in their countries.
Dubai does not have an official cryptocurrency, officials state.
UAE authority issues warning about Dubai Coin
Dubai aims to attract foreign crypto investors.
Dubai Airport Free Zone welcomes crypto assets with new SCA agreement
The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform.
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain te...
Dubai’s economic department to roll out blockchain-based corporate KYC
Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations.
Dubai regulators call for public feedback on proposed crypto laws
UAE regulators are looking to develop a comprehensive crypto governance framework as part of its 2021 business agenda.
The United Arab Emirates chase crypto and blockchain adoption
Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments.
Dubai-based licensing company adopts cryptocurrency payments