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Spread the love 43 Interactions, 43 today According to authorities, Dubai does not have an official cryptocurrency. Dubai, as a tech-friendly location, is never short of fresh and intriguing ideas, including crypto and blockchain, but the surge of new cryptocurrencies makes it more difficult for beginners to identify fraudulent campaigns from trustworthy ones. The Dubai Media Office [ Can you trade cryptocurrency such as Bitcoin in the UAE? A new decision by the Securities and Commodities Authority (SCA), being 'The Chairman of the Authority's Board of Directors Decision No. (23/R.M) of 2020 Concerning Crypto Assets Activities Regulation' dated 01 November 2020 (Decision), dealing with Crypto Assets in the UAE was published a few months earlier. For sake of brevity. The UAE Crypto Ecosystem in 2021. Over the past few years, the Middle East has become one of the main global hubs of cryptocurrency adoption. Within the region, the United Arab Emirates leads the way as the undisputed pioneer in not only allowing, but also actively supporting the development of blockchain-based technological solutions The UAE SCA has issued on its website the final crypto assets legislation for the UAE in terms of issuing, marketing, and distribution of crypto assets. In the legislation, the SCA has defined a crypto asset as a valuable electronic record or a distributed database that can be used as a valuable medium of trade or storage, or an asset that represents ownership or economi

Dubai is debuting a digital currency called DubaiCoin with an international starting price of $0.17 per coin. Consumers can use it to pay for goods and services UAE: What do you know about cryptocurrency wallets and how safe are they to use? A walk through risks people should be watching out for when using such wallets Published: June 15, 2020 19:30. NEW YORK, May 14, 2021 (GLOBE NEWSWIRE) -- CryptoCurrencyWire (CCW), a multifaceted financial news and publishing company part of crypto and other emerging About AIBC UAE Summit Watch the video: UAE Trade Connect explained Source. Crypto News is the news aggregator about cryptocurrency, ICO, mining and blockchain. Similar news Offer news. UAE employs blockchain tech for remote litigation services. cointelegraph.com 20.04, 08:4 The Dubai Financial Services Authority (DFSA) has released consultation papers with plans to establish a regulatory framework for cryptocurrencies. According to the DFSA's business plan for 2021/2022, the proposed regulatory framework looks to expand already existing rules, including the regulation of crypto issuers and trading platforms

Breaking NewsDrones play a key role in Dubai Police finding 4,400 violations in the first quarter of 2021Marie Lazure - May 26, 20210 Authorities in Dubai recorded 4,400 violations for an assortment of offenses during the primary quarter of the year. The technique used to record the violations, it Drones! As indicated by...Read more Breaking [ BitOasis, Dubai's top cryptocurrency exchange, will enable XRP trading later this week. This news comes on the heels of the UAE's RAK bank partnering Ripple for instant blockchain payments in India. The year 2018 may prove to be very solid for the blockchain company and their XRP asset The cryptocurrency was launched by Arabchain Technology, which claims to be the first public blockchain in the Arabic world.; Dubaicoin's price rose by over 1000% over the past 24 hours. Dubai Coin cryptocurrency was never approved by any official authority Waheed Abbas/Sandhya D'Mello /Dubai Filed on May 27, 2021 | Last updated on May 28, 2021 at 12.10 a DMCC - the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - has announced the launch of the DMCC Crypto Centre, a comprehensive ecosystem.

Fake News: Dubai HAS NOT Created Its Own Cryptocurrency Called Dubai Coin. Right now, Dubai is in the midst of a crypto moment. The AIBC tech summit is happening as we speak and the DMCC has launched a Crypto Center for businesses, however, Dubai has NOT created its own crypto coin.. Reports suggest that as Dubai aims to be at the forefront of smart technology it launched its very own. A Dubai government authority has announced that it is launching a crypto valley in the country's free zone there is no personal or corporate income tax. With the help of its partners from the. Saudi Arabia and the UAE have launched a joint cryptocurrency during the first meeting of the Saudi-Emirati Coordination council Saturday in Abu Dhabi, UAE's national press agency WAM said. The.

Crypto-News.net is a small cryptocurrency and blockchain news publication. We work closely with our community to identify points of interest and determine where to spend the most resources. Your voice is very important to us because it can show us what you care about The Real Reason The UAE Is Keen On Regulating Crypto-Trading David Drake - March 2, 2018 By David Drake An announcement released on 11th February 2018 shows how the market regulator in Abu Dhabi, UAE is preparing regulations to guide cryptocurrencies,.. Dubai's crypto-verified artist Gigi Gorlova weighs in In an ordinary world, if an artwork auctioned at the prestigious Christie's for a whopping $69 Million, made it to the news headlines,. It found that the UAE nationals are showing an increasingly bullish approach to cryptocurrency investments, with 33% of the surveyed individuals showing interest in them, compared with Western expats located in the country, at 19%,. UAE's first and only available bitcoin ATM is located in Dubai, the country's largest and most populous city. It was installed at the Rixos Premium Hotel in JBR, Marina, in 2019. Users who decide to purchase Bitcoin via ATM can own it here with a 5% commission and cash payment only

The strategic agreement was intended to foster growth and development in this sector by bringing the world's leading blockchain and cryptographic technologies' ecosystem to Dubai. In August 2020, the DMCC established a blockchain-based agri-commodity trading and sourcing platform dubbed Agriota E-Marketplace to link millions of Indian rural farmers with the UAE food sector Weeks after the UAE Securities and Commodities Exchange issued their announcement and Arabic crypto assets legislation, the SCA has issued the English version, which can be found in the this article below. This is a huge move given that it provides legislation for crypto assets, exchanges, and custodial services onshore within the country and not within free zone areas The cryptocurrency was launched by Arabchain Technology, which claims to be the first public blockchain in the Arabic world. Dubaicoin's price rose by over 1000% over the past 24 hours DUBAI: A Dubai free zone focused on airport business is moving into the booming crypto sector. Companies trading with crypto assets can now obtain a business license at the Dubai Airport Free Zone.

The UAE government has issued a warning against the Dubai

  1. Major Dubai crypto fund to sell $750M worth of BTC to buy Cardano and Polkadot. FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month
  2. Dubai is planning to expand its blockchain-based KYC services. This will enable a smooth transfer of a verified KYC data for clients. Dubai aims to build its economy using crypto
  3. Dubai has launched its first cryptocurrency based on a public blockchain. In just 24 hours, the price of DubaiCoin (DBIX) has gained 1,000 per cent. The cryptocurrency is currently trading on select exchanges. Information on crypto.com showed that Dubaicoin was trading at roughly $0.17 but rose to $.
  4. g it was the official digital currency of Dubai
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Crypto Assets in the UAE Regulations - ADG Legal (ADG

FD7 Ventures, a Dubai-based crypto investment fund, today said it plans to unload $750 million worth of their Bitcoin holdings over the next 30 days to buy two altcoins, Cardano (ADA) and Polkadot (DOT).. The move will reportedly better serve the needs of FD7 investors who are looking to diversify their portfolios in the cryptocurrency space Our Cryptocurrency News feed is a one stop shop destination on all the latest news in crypto. Cryptocurrency News today play an important role in the awareness and expansion of of the crypto industry, so don't miss out on all the buzz and stay in the known on all the Latest Cryptocurrency News A survey of over 1,000 UAE residents revealed robust demand for cryptocurrencies as part of their portfolios, with younger Emiratis much more bullish about the opportunities from exposure than Western expats. Around one in four (26%) of the 1,000-plus respondents viewed these assets as offering.

UAE Crypto Guide - MENA

Dubai Multi Commodity Centre (DMCC) is launching a cryptocurrency and blockchain hub. The hub, DMCC Crypto Centre, is located in Almas Tower, the DMCC head office. Notably, the hub will drive the development and application of cryptocurrency and blockchain technology in the UAE. Also, the hub will house crypto businesses of all sizes including a crypto advisory led by CV Labs As the crypto trading frenzy continues, we've crafted a short guide for those located in the UAE who are interested in getting into the space and purchase their first coins. For UAE residents, several venues and ways exist to purchase cryptocurrencies, but before getting into that, it's important to choose a secure wallet to store the funds Dubai Aims To Regulate Cryptocurrencies As Fraud Cases Are On The Rise. News from Dubai media report that the police are investigating a case of cryptocurrency fraud of Dh300 million ($8.17 million USD). Fraud has been one common problem in the field of cryptocurrency and this recent case has seen the push of getting regulation on the industry increase significantly Crypto News Recap: UAE, KSA Release Updates On Aber, Bitcoin Is Back At $18K. Areej Salem. Published November 30th, 2020 - 07:30 GMT. Bitcoin went through a slight correction as selling-bears. News. See all news articles. This partnership will bring the world's leading blockchain and cryptographic technologies ecosystem to Dubai. 2020 also saw DMCC sign an agreement with Innoway to establish in Dubai, a China Government-backed incubator pioneering science,.

UAE employs blockchain tech for remote litigation according to the Emirates News Agency. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such. A crypto investment firm with $1 billion in assets under management is selling Bitcoin to boost its position in two of the largest altcoins by market cap. Managing director Prakash Chand of the Dubai-based firm FD7 Ventures says Bitcoin may have achieved a first-mover position as a digital store of value Decentralized Finance has the cryptocurrency world experiencing a new buzz.Enthusiasts in wealthy countries such as the United Arab Emirates (UAE) are making the most of the space. At the same time, a set of cultural norms permeate society in these mostly Muslim countries

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Dubai based freezone DMCC has launched its new Crypto Centre to support businesses operating in the cryptographic and blockchain sectors. Located in Almas Tower, the DMCC Crypto Centre offers co. DubaiCoin has crashed heavily following recent reports that the asset was not launched by the Middle Eastern city. The crypto rose above the bleeding market to record a 1000 percent surge from $0.17 to $1.13 on 27 May 2021.. Initial reports said that DubaiCoin was created by Arabianchain Technology, a United Arab Emirates-based company Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates

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However, a Dubai authority, rejected that claim, with a Tweet saying that Dubai Coin was never approved by any official Dubai authority. They also called the website promoting Dubai Coin an elaborate. You can check the official tweet down below. So it appears, Dubai Coin is not an official Dubai government-backed cryptocurrency Dubai, UAE; 24 May 2020: DMCC, the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the launch of the DMCC Crypto Centre, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. The official inauguration was attended by a number of high-profile government and industry representatives. China bans finance firms from servicing crypto transactions. China's latest attempt to clampdown on a burgeoning digital trading market has sent crypto prices hurtling down Dubai Coin cryptocurrency was never approved by any official authority From khaleejtimes.com The Dubai Electronic Security Centre announced on late Thursday night that the 'Dubai Coin' digital currency has not been approved by any official entity and that the website promoting the coin is an unlicensed site, which aims to phish e-mail information, passwords and phone numbers of people. The Block - The widely circulated news that Dubai had launched its own cryptocurrency, dubbed DubaiCoin, is a scam, the Dubai government has said.DubaiCoin was

UAE's blockchain-powered platform to curb - crypto new

Spread the love 147 Interactions, 3 today Dubai hopes to attract foreign cryptocurrency investors. Dubai is taking another step towards cryptocurrency adoption, thanks to a recent deal between the Dubai Airport Free Zone Authority (DAFZA) and the Securities and Commodities Authority of the United Arab Emirates (SCA). DAFZA will now enable cryptocurrency trading under existing legislation in [ Irrespective of the numerous concerns governments have in relation to cryptocurrencies, they are moving swiftly towards blockchain technology. A couple of days before, Dubai International Financial Centre-DIFC- made an announcement of expanding the KYC (Know Your Customer) initiative, the organization's joint venture with Dubai's Department of Economic Development, all across the country Dubai's free zone the Dubai Multi Commodities Centre (DMCC) plans to launch Crypto Valley in the desert as the world's largest ecosystem for cryptographic, blockchain and distributed ledger technologies - in Dubai, the United Arab Emirates (UAE) Last year, Dubai begin implementing a new initiative by the name of Smart Dubai.The project was founded by the Dubai ruler, Vice President and Prime Minister of the UAE which the goal to enable an active collaboration with private and government sectors to transform Dubai into the first city fully powered by blockchain by 2021. The Dubai Blockchain Strategy will usher in economic.

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Dubai leading UAE with progressive cryptocurrency regulatio

The Department of Economic Development (Dubai Economy) and the Dubai International Financial Centre (DIFC) have both agreed to come together to expand the scope of their blockchain-based KYC platform across the United Arab Emirates (UAE). A Nationwide Blockchain KYC Platform According to the Islamic Finance News on April 13, th In related cryptocurrency news from the region, the Central Bank of Bahrain (CBB) recently issued cryptocurrency exchange, CoinMENA, with a Crypto Asset Services Company License - Category 2 UAE: Moody's downgrades Sharjah Islamic Bank's ratings . MALAYSIA: MARC assigns 'AAAIS (cg)' and 'MARC-1 IS(cg)' ratings to F&N Capital's Islamic medium-term note and Islamic commercial paper programs. UAE: Fitch downgrades Emirates REIT's long-term issuer default rating and senior unsecured Sukuk rating. PAKISTAN: United Bank partners with Akhuwat Islamic Microfinance to offer.

Dubai Coin cryptocurrency news: The Dubai government said the digital currency was not approved by any official entity and the website promoting the crypto is an elaborate phishing campaign to steal personal information from visitors According to Crypto.com, the price of the cryptocurrency has increased by over 1000 percent in the last 24 hours. The city of Dubai, on the other hand, issued a statement late last night denying this According to the official Dubai Media Office, Dubai Coin cryptocurrency was never approved by any official authority - The DMCC Crypto Centre is now open for company registrations via: dmcc.ae/cryptocentre. DUBAI, UAE, May 24, 2021 /PRNewswire/ -- DMCC - the world's flagship Free Zone and Government of Dubai.

Dubai News Latest UAE News, Middle East Business, Gulf

- Located in Dubai's iconic Almas Tower, DMCC Crypto Centre is set to be a thriving ecosystem offering a variety of services to innovators, entrepreneurs and pioneers - CV Labs and its venture capital arm, CV VC, to provide co-working space, advisory services and capital - Concentration of crypto talent at DMCC Crypto Centre to attract larger crypto firms seeking engineering and. Dubai: After unprecedented demand drove the worth of Bitcoin to unattainable ranges previously many months, the widely-watched digital foreign money has been Friday, May 21, 2021 CRYPTO NEWS BT

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Abdulla Bin Touq Al Marri, the Economy Minister of UAE, said that cryptocurrency and asset tokenization will be key to the country's plans to double its economy, as currently estimated to be the 34th-largest in the world in 10 years.. It has been reported that Al Marri was joined on the panel, titled the Arrival of the token economy, from art to real estate, by artist Harry Yeff and. Dubai News Today,Dubai Launched Own Cryptocurrency,Uae-India Travel,Uae Corona Case,Uae Khabar। Dubai crypto fund says to dump $750m worth of 'pretty useless' Bitcoin Dubai-based FD7 Ventures, a global crypto investment fund with $1 billion under management, on Friday announced plans to sell off $750 million worth of its Bitcoin holdings over the next 30 days to increase positions in Cardano and Polkadot Dubai-based blockchain start-up ArabianChain has launched a new digital asset exchange designed to make it possible for investors to buy, sell, and trade various cryptocurrencies online. The new platform, Palmex, enables users to deposit and trade coins including ArabianChain's DubaiCoin, Bitcoin, Ethereum, Ripple and several others, with more expected to be added in the future

With cryptocurrency getting more mainstream media attention in Dubai, people are clamoring to get a piece of the action to buy bitcoin in Dubai, United Arab Emirates. Today, there are hundreds of cryptoassets on the market, with more cropping up every day Dubai is planning to establish a cryptocurrency valley with special terms in the country's free zone where there is no personal or corporate income tax. Designed to foster growth, collaboration and integrity across the global blockchain economy, the DMCC Crypto Valley will be the world's largest ecosystem for cryptographic, blockchain and distributed ledger technologies

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This, along with the launch of the blockchain-powered platform, shows that the UAE is embracing the potentials of the crypto market and how this can boost the economy of the emirate state to become a powerhouse in global digital currency trading. Image courtesy of Cointelegraph News/YouTub The Dubai Multi Commodities Centre (DMCC), the UAE's flagship Free Zone, has announced that it has entered into a memorandum of understanding (MoU) with the UAE Securities and Commodities Authority (SCA) to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC CoinQuora is an online publication that aims to educate about news, exchanges, and markets in the cryptocurrency and blockchain industry In Dubai, people can now pay for trade licenses and visa feeses via crypto. As reported by the Khaleej Times, on Feb 16th, Dubai's Government-owned licensing solutions-Kiklaab- is now allowing people to pay for their trade licenses and visa feeses, simply by their smartphone; using cryptocurrencies.. Kiklaab has become the first licensing firm in Dubai to accept crypto as payment Cryptocurrency is a phenomenon for a decade all over the world. Cryptocurrency uses blockchain technology with an aim to provide digital money in a secured way anonymously. Started with bitcoin, the best place to exchange your money with the digital currency, Currently, there are more than 900 cryptocurrencies available on the market.There are around 3 million active virtual currency users. T he terms Blockchain or Bitcoin were alien to the general public in the United Arab Emirates (UAE) when Satoshi Nakamoto began the Bitcoin phenomenon in 2008. However, today with one of the world's first cryptocurrency deep cold storage companies operating in Dubai, it is clear that tides have shifted and the UAE cryptocurrency is actively becoming part of this global trend

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