Tag: CryptoPolicy

Dubai government has remained crypto-friendly to promote investment in the sector. With no capital gains tax and ease of buying and selling anonymously, Dubai makes life easy for crypto investors. Lack of tax on income or capital softens the anti-money-laundering laws in the emirate. Dubai, a prosperous city in the United Arab Emirates (UAE), might…

Dubai Police has teamed up with cryptocurrency trading platform BitOasis to educate investors and traders about crypto fraud. The collaboration aimed to educate investors and traders more about the sector. As Arab News reported, Ola Doudin, CEO of Crypto exchange BitOasis said: “We have been working with key policymakers to help them build regulation that…

Dubai Economy has signed an agreement with leading licensing authorities, such as Dubai Silicon Oasis Authority, Dubai Multi-Commodities Center, and Dubai Airport Free Zone Authority, to participate in the Know Your Customer Blockchain Platform through the Unified Business Registry Platform. It will facilitate faster and more secure customer onboarding and allow sharing of verified e-KYC…

Cryptocurrency exchanges have begun cutting links with customers in China after Beijing declared more activities related to digital coins “illegal” last week, in its latest broadside against the virtual currency industry. Huobi, one of these exchanges, said on Sunday that it would end account registrations for new mainland Chinese users. The company will also gradually…

Bitcoin may benefit from China’s recent ban of all cryptocurrency transactions, according to crypto experts. “This is great news for Bitcoin,” said Ross Gerber, Gerber Kawasaki Wealth & Investment Management CEO. “The last thing we want is China to be involved in a currency of the world.” Bitcoin price fell about 6% after China announced…

The UAE’s financial regulator has approved a regulatory framework for trading crypto assets in one of Dubai’s free trading zones. The United Arab Emirates’ Securities and Commodities Authority (SCA) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support regulation of cryptocurrencies within DWTCA’s free zone, Reuters reports. The new initiative…