Dubai embraced its first law to regulate the crypto sector

On March 9, United Arab Emirates’s ruler and also vice president and prime minister Sheikh Mohammed bin Rashid Al Maktoum declared on his official Twitter account that the Emirates has adopted its first law to regulate crypto assets. The law would work towards establishing and developing Dubai and UAE’s place as important players in orienting…

The Dubai World Trade Centre will become a crypto zone

On Monday, the Dubai Media Office said that the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for other virtual assets and cryptos. It is a part of the efforts to lure new business as regional economic competition rises. According to the statement, DWTC’s stance to develop a specialized zone for…

Mega cryptocurrency expo in Dubai to host a mega-conference next month

Dubai will host a grand event that is being cited as the largest crypto-event to date. According to a press release, the CED2021: Crypto Expo Dubai is set to host above 3,000 delegates from October 13 – October 14. The event is focusing on prompting discussions around the growth of crypto in Africa and the…

Crypto promise for migrant workers in UAE

Dubai along with the rest of the United Arab Emirates (UAE) is inching closer to inaugurating licensed crypto exchanges, an initiative that could enhance financial inclusion for the countless who constitute most of the territory’s workforce. Migrants may be able to send money home using online wallets with smaller or no fee at all and…