Approved Crypto Exchanges in Dubai
The Dubai Virtual Assets Regulatory Authority has previously approved Crypto.com, OKX and FTX to offer crypto-related services in the emirate.
This is great news for Blockchain.com and the cryptocurrency community at large. With VARA's approval, Blockchain.com is now one of the first regulated cryptocurrency exchange platforms in the world. This is a big step forward for the legitimization of cryptocurrency and will no doubt help to increase adoption rates globally.
This is great news for the crypto community! Blockchain.com is one of the leading firms in the space and their expansion into Dubai is a sign that the industry is growing and maturing. This is sure to attract more mainstream attention and interest in the space, which can only be a good thing for the future of cryptocurrency.
Great work by the team here - Dubai ✅✅https://t.co/8nQm8w8y3g
— Peter Smith (@OneMorePeter) September 9, 2022
The Dubai government's recent moves to regulate and promote the use of cryptocurrencies are a welcome development in the emirate's drive to become a leading global destination for virtual commerce and investment. The new laws and regulations will provide much-needed clarity and certainty for businesses operating in the crypto space, and will also help to attract more investment and innovation to Dubai. The launch of the metaverse strategy is also a positive step forward, and we believe that the target of creating 40,000 virtual jobs in Dubai by 2030 is achievable. Overall, these latest developments are positive news for the crypto community in Dubai and we look forward to seeing the emirate continue to grow as a leading hub for digital currencies and blockchain technology.
Blockchain.com is one of the oldest and most well-established Bitcoin infrastructure firms. They have been headquartered in London since their founding, but are now expanding their operations to include regulatory approval in Italy, France, Spain, and The Netherlands. In August, the Cayman Islands Monetary Authority officially authorized Blockchain.com to operate an exchange and provide custodial services. After a March funding round, the crypto firm was reportedly valued at $14 billion. This expansion is a positive sign for the future of Bitcoin and cryptocurrency regulation around the world.
This is a developing story and we will update this article as more information becomes available.
