News
“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said.
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Dubai News
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.
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BitOasis has partnered with the Dubai Police Force to establish safety regulations around crypto investments in the region, according to the exchange’s CEO.
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Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals.
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The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies.
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HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.
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3iQ launched its Bitcoin Fund trading on Nasdaq Dubai after receiving regulatory clearance for a dual listing in April.
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Dubai does not have an official cryptocurrency, officials state.
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Dubai aims to attract foreign crypto investors.
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The precious metals refined on the site will be tokenized and traded on the DMCC Gold Exchange platform.
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Dubai’s Department of Economic Development wants to accelerate the total adoption of UAE KYC — the national Know Your Customer standard running on blockchain technology.
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Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations.
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UAE regulators are looking to develop a comprehensive crypto governance framework as part of its 2021 business agenda.
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Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments.
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Blockchain will streamline trade from Europe’s grain belt.
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The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system
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