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 United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform.
Dubai Debuts Nationwide Data Platform Powered by Blockchain
Russian media reported that Marsalek is hiding in Russia with funds that he was able to transfer there with Bitcoin.
Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia
One of the world’s leading ports operators is joining the blockchain shipping platform created by IBM and Danish logistics giant Maersk.
Pandemic Spurs Top Port Operator to Join Blockchain Shipping Platform
As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life.
UAE’s DLT Overhaul on Track to Bring Blockchain to Daily Life by 2021
DIFC and Mashreq Bank launch Blockchain KYC platform to support faster business registration in the UAE.
Dubai Welcomes Global Businesses With First Blockchain KYC Platform
The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020
Singapore-based crypto exchange Huobi partnered with a real estate firm in the UAE to offer secure crypto payment options for its real estate investors.
Huobi Exchange Partners With UAE Real Estate Firm to Enable Crypto Payments