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 UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world.
UAE Ministry of Economy opens up new headquarters in the Metaverse
The new MVP License is a transition from a provisional license received under a new regulatory framework earlier this year.
Binance receives green light for crypto services in Dubai
The Virtual Assets Regulatory Authority of Dubai has previously given approval for Crypto.com, OKX and FTX subsidiaries to offer crypto-related services in the ...
Dubai grants regulatory approval for Blockchain.com office: Report
A partnership between the two cities' blockchain associations will aim to connect businesses and foster growth in the sector.
From the valley to oasis: Swiss and Dubai crypto associations team up
Dubai's new Virtual Asset Regulatory Authority requires more clarity and transparency from industry marketers and promoters to protect investors.
Dubai issues crypto marketing rules to better protect investors
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
In July, exchanges flocked to get approvals under Dubai’s Virtual Asset Regulatory Authority to expand their operations within the region.
Dubai regulation check: Which companies got approvals recently?