Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 2798
Markets: 59212
Cryptos Platform logo Cryptos Platform logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
Market Cap
24h Vol
2798
Cryptocurrencies
39.43%
Bitcoin Share
Seeking Alpha 2022-02-17 15:24:25

United Arab Emirates to issue national crypto licensing, develop mining ecosystem: Bloomberg

United Arab Emirates to issue national crypto licensing, develop mining ecosystem: Bloomberg

In an effort to lure some of the largest digital asset providers, the United Arab Emirates is preparing to issue national crypto licensing by the end of Q1, a government official told Bloomberg Thursday. Note the UAE is the third-largest crypto market in the Middle East, with a transaction volume of ~$26B, Bloomberg reported, citing data compiled by Chainalysis from July 2020 to June 2021. Moreover, the Securities and Commodities Authority is in the final stage of changing legislation to allow virtual asset service providers to set up, the official told Bloomberg. Recall in mid-December when the world's largest crypto exchange, Binance, was in talks with the UAE about a potential headquarters in the nation, people with knowledge on the matter told Bloomberg. In addition, the UAE government wants to build a crypto mining ecosystem that would be regulated, the official explained to Bloomberg. Looking at crypto prices, bitcoin (BTC-USD

Most Read News

Market Cap
24h Vol
39.43%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.