The company is dedicated to helping grow the UAE’s infrastructure and personnel. Dubai’s crown prince recently tweeted about the new metaverse plan. According to the Dubai virtual asset regulator, the Virtual Assets Regulatory Authority (VARA), OKX has been awarded a “provisional virtual assets license” to offer services to eligible investors
The metaverse would contribute $4 billion to Dubai’s economy in five years. It is hoped that future technologies will be used in Dubai to establish new job models. A new plan revealed on Monday seeks to make Dubai a worldwide center for the metaverse community and one of the top
CoinMENA has already received two digital asset licenses. License would allow CoinMENA to make its services available to institutional investors. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted a provisional virtual asset license to CoinMENA, a Bahrain-based digital asset exchange. The interim authorization enables CoinMENA to continue operating in Dubai
FIVE Hotels and Resorts, a Dubai-based hospitality firm, has announced that it would now accept Bitcoin and Ethereum as payment for its services. Switzerland’s pro-crypto legislation has prompted the company’s decision, which is linked to the company’s recent expansion effort. It has always been the company’s goal to be at
DAMAC Properties is able to reduce the price volatility risk by using a reliable financial middleman. Trustworthy middleman was hired to assist the transactions. DAMAC Properties, a Dubai-based real estate developer has made cryptocurrency deals worth $50 million since the beginning of the year. DAMAC is the first Real Estated
The country’s Virtual Assets Regulatory Authority (VARA), was founded in March. Many other crypto exchanges have relocated their headquarters to Dubai. The authorities in Dubai have granted provisional approval for the operation of Crypto.com, one of the fastest-growing exchange platforms in the crypto business. The country’s Virtual Assets Regulatory Authority
The task force hopes to create virtual equivalents for 42,000 positions. Dubai aims to raise its GDP by 1% by banking on the metaverse potential. The Dubai government has announced the creation of a task group to monitor the most recent advances in the digital economy and to take advantage
Binance NFT and Dubai’s Museum of Future announced its collaboration. This partnership aims to launch the first-ever NFT collections. It will help the industry to expand and support blockchain usage in the region. The crypto industry is moving forward with new implementations and valuable partnerships aiming to build a strong
Announcing Wednesday that it would accept Bitcoin and Ethereum, two of the most popular cryptocurrencies, Damac Properties is an Emirati real estate company. Damac’s general manager, Ali Sajwani, says the Dubai-based Corporation has embraced crypto as part of its digital transformation push. Expansion Into Digital Currency Era For its new
BitOasis and the law enforcement agency work together to combat cybercrime. It seems the NFTs will be minted on the Solana Network as seen in the hashtag. The rise of NFTs throughout the globe has resulted in several companies entering the market. Some of the worldwide brands that have joined
