‘Come to Dubai, habibi,’ what’s enticing crypto business to the Middle East?
Invite to Slate Sundays, CryptoSlate’s new weekly feature showcasing thorough interviews, professional analysis, and thought-provoking op-eds that exceed the headings to check out the concepts and voices forming the future of crypto. Among the main takeaways from TOKEN2049 earlier this year was that the UAE, and Dubai in particular, is the most popular area (rather literally) […] The post ‘Concern Dubai, habibi,’ what’s luring crypto business to the Middle East? appeared first on CryptoSlate.
Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center, which helps shape Dubai’s blockchain ecosystem through public and personal sector collaborations, informed me: “Over the past year, we’ve seen the global crypto ecosystem develop from a speculative wave to a more utility-driven period. Regulatory clearness: VARA in Dubai’s digital possession landscape Dubai’s Securities and Commodities Authority (SCA) develops legal guidelines for the sector, while the Virtual Assets Regulatory Authority (VARA), recognized as the world’s very first independent digital properties regulator, oversees and checks brand-new virtual property activities in a controlled environment. Ripple RLUSD and Solana deals boost Dubai crypto center status Dubai chooses XRP Journal to power new genuine estate tokenization initative Sovereign entities decide for indirect Bitcoin exposure through Technique to bypass restrictions– StanChart Donald Trump could personally buy Qatar jet in 135 days by selling TRUMP memecoins Can Solana preserve its momentum through 2025’s second half?
Dr. Marwan Alzarouni, CEO of the Dubai Blockchain Center, which helps shape Dubai’s blockchain community through public and private sector cooperations, informed me: “Over the past year, we have actually seen the international crypto environment develop from a speculative wave to a more utility-driven era. Lots of companies are exempt from corporation tax, such as businesses with a yearly revenue listed below 3 million AED (approximately USD 815,000) or those integrated in a certifying complimentary zone, such as the Dubai International Financial Centre (DIFC) and Dubai Multi Commodities Centre (DMCC). Regulative clarity: VARA in Dubai’s digital property landscape Dubai’s Securities and Commodities Authority (SCA) establishes legal guidelines for the sector, while the Virtual Assets Regulatory Authority (VARA), recognized as the world’s first independent digital properties regulator, manages and evaluates brand-new virtual asset activities in a regulated environment. Efforts such as the Dubai Blockchain Strategy objective to make Dubai the world’s very first blockchain-powered government, driving effectiveness, openness, and digital innovation across sectors. Ripple RLUSD and Solana offers enhance Dubai crypto center status Dubai chooses XRP Ledger to power brand-new real estate tokenization initative Sovereign entities choose for indirect Bitcoin direct exposure through Method to bypass constraints– StanChart Donald Trump could personally buy Qatar jet in 135 days by offering TRUMP memecoins Can Solana maintain its momentum through 2025’s second half?
