Dubai to benefit from expanding crypto market, Bittrex Global CEO says
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies. The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange.Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators increasingly accept blockchain-related technologies, Stonberg said in a Sunday Bloomberg interview.The UAE and Dubai are “doing all the right things....
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The UAE (United Arab Emirates) is moving to secure its presence within the digital asset sector. They have also applied various efforts to promote the adoption of blockchain-based technologies. According to Bittrex Global cryptocurrency exchange CEO Stephen Stonberg, Dubai and the United Arab Emirates are among the very friendly jurisdictions to the crypto industry. Dubai Benefits From Local regulation In an interview on Sunday, Bloomberg said that the crypto market expansion into the Middle East is more likely to favor Dubai since the local regulators are continually accepting....
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had signed an agreement with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone.The new initiative establishes a framework enabling the DWTCA to issue....
Leading crypto exchange Bittrex Global has now listed XDC. Users will have access to the projects powered by XDC. Read here. XinFin’s Mainnet Token XDC is now available on a leading cryptocurrency exchange Bittrex Global. Bittrex has listed XDC on July 13, 2021. 🚨 #NewListingAlert 🚨The XDC Network (XDC) wallets are now enabled.The the BTC-XDC […]
Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand. Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates.Huobi Group on June 17 obtained the Innovation License under the Dubai International Financial Centre (DIFC), securing the company’s first-ever license there.The DIFC license is not a trading license but rather authorizes Huobi to incentivize technology startups to set up operations in Dubai, Huobi Group chief....
Sam Bankman-Fried's FTX crypto exchange will offer crypto derivatives products to institutional investors in Dubai with the new license. Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirate’s special development and free zones.According to FTX founder and CEO Sam Bankman-Fried, FTX has received the “first and so....