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.
Legal expert Kokila Alagh shared insights regarding crypto and blockchain regulations in the United Arab Emirates.
UAE regulators pave way for crypto and blockchain adoption, says legal expert
Binance will assist crypto exchanges and businesses to become licensed in Dubai in cooperation with the local government.
Binance joins fresh crypto hub by Dubai World Trade Centre
Another government-backed project in Dubai aims to set up an attractive environment for the crypto industry.
Dubai World Trade Centre to create new crypto hub and become regulator
FIDE said that it hopes to “welcome a new crypto demographic” through the “gamification of iconic match moments, unique collectibles [and] chess-related art.”
The International Chess Federation is first global sports association with its own NFT marketplace
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology.
Dubai finance watchdog approves listing of Bitcoin fund
The UAE continues to be one of the friendliest jurisdictions worldwide for the digital asset industry.
Dubai regulator announces new regulations for investment tokens
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