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.
The event saw friendly boxing matches between prominent crypto Twitter entrepreneurs, with RookieXBT taking the WBC Crypto Champion belt.
Crypto traders fight in WBS Dubai for Amir Khan’s charity boxing match
“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said.
UAE crypto exchange BitOasis raises $30M to expand in MENA
BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange’s CEO.
BitOasis crypto exchange to help Dubai Police spread fraud awareness
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals.
UAE regulators approve crypto trading in Dubai free zone
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technolo...
Dubai to benefit from expanding crypto market, Bittrex Global CEO says
HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.
HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain
3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April.
Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund
Dubai does not have an official cryptocurrency, officials state.
UAE authority issues warning about Dubai Coin