Dubai Legislators to Discuss Bitcoin Regulation
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....
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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....
Binance CEO Changpeng Zhao, popularly known as “CZ,” stated that the increasing ban on cryptocurrency advertising will have no effect on demand. In a recent interview, he discussed regulatory changes concerning crypto-advertisements on platforms such as Google and Facebook, Binance’s progress in Singapore, and the Dubai crypto-regulation framework. Binance’s CZ Dives In On Crypto Adverts […]
The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.”
Dubai Rulers’ Vision
The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, reportedly “reviewed vital technology trends in the metaverse and issued directives to form a task force to track the latest....
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....
The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government’s efforts to build new economic sectors. Dubai Likes Crypto The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly jurisdiction, with the Dubai government announcing a new program to assist local cryptocurrency development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exposition facility in Dubai, said on Dec.....