Bitcoin Legislation & Legality to be Discussed by Dubai Authorities
In the coming days, the Supreme Legislation Committee (SLC) of Dubai will have bitcoin under its scanner. A discussion as to the present and future legislative policies and the legal frameworks surrounding bitcoin will be held during a workshop on November 20, 2016, as reported by regional publication Trade Arabia. Titled ‘Virtual Currency: Fact and Law”, the workshop will see top officials from local and federal government entities in attendance. It could prove to be a notable event in the framing of bitcoin regulation in the Emirate of Dubai, as the workshop will also help spread....
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Dubai’s government is laying the groundwork for developing legislation around bitcoin and digital currencies. The Supreme Legislation Committee in the Emirate of Dubai, in partnership with the Dubai Electronic Security Center, is set to hold a one-day gathering entitled “Virtual Currencies: Fact and Law” on 20th November. Government officials from both local and national-level jurisdictions are expected to attend. Ahmad bin Meshar Al Muhairi, secretary general for the Supreme Legislation Committee, said of the event: “The move is part of our continuing efforts to build a legal knowledge....
Knowledge and information are the two key elements to establish a fruitful regulatory ecosystem. Bitcoin is slowly starting to make headway in Dubai. The Supreme Legislation Committee will discuss the current and future regulation of Bitcoin shortly. This increased focus on cryptocurrency is seen as a positive note, indicating Dubai sees potential in Bitcoin. The Virtual Currency: Fact and Law workshop will take place on November 20. Whenever regulation and Bitcoin are mentioned in the same breath, there is cause for concern. Over the years, any country or city looking into cryptocurrency....
On November 20 the Supreme Legislation Committee in the Emirate of Dubai (SLC) will host a workshop on Bitcoin. The event will discuss the what lies ahead concerning legislative and legal architecture for the virtual currency industry. Dubai’s Supreme Legislation Committee Creates Bitcoin Workshop. Dubai’s SLC, in collaboration with the Dubai Electronic....
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The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World Trade Centre to Host and Regulate Crypto Space Authorities in the United Arab Emirates plan to establish a special zone at the Dubai World Trade Centre (DWTC) from which businesses dealing with digital assets will be able to offer their products and services. The government of Dubai announced that the DWTC will also play the role....