In 2022, the Middle East and North Africa (MENA) regions marked the highest crypto market growth through significant crypto adoption. In addition, the country is opening a wide space for the digital world like crypto, metaverse, blockchain, NFTs and Web3. Witnessing the emerging growth, popular crypto investment company, 21Shares initiated
Crypto Expo Dubai is Asia’s largest gathering of cryptocurrency investors and industry experts seeking to network and explore new growth opportunities. This event provided crypto enthusiasts with the chance to interact with prominent crypto firms for investment and trading. This event attracted 10,000+ traders and investors, 100+ crypto organizations, and
The Ministry of Economy’s third office would be the metaverse headquarters. The ministry’s two existing offices in Abu Dhabi and Dubai will be supplemented by the new headquarters. The Ministry of Economy of the United Arab Emirates (UAE) has announced a new headquarters in the Metaverse, which anyone in the
The recent partnership will promote Bitcoin transactions across the UAE. CoinCorner will be able to expand its activities throughout the Middle East. CoinCorner, a UK-based Bitcoin and Lightning Network services, has recently partnered with Seed Group, a company run by the royal family of Dubai, to speed up Bitcoin transactions
Palazzo Versace Dubai, a five-star hotel in Dubai, now accepts cryptocurrency payments for rooms, meals, and spa services. Payments made by Bitcoin, Ethereum, or Binance Coin (BNB) from guests will be handled via the Binance platform. Moreover, the 146-room, ultra-luxury resort in Jaddaf Waterfront announced in a press release that
These guidelines apply to all Virtual Assets Service Providers (VASPs) in the area. The objectives of the VARA apply to all kinds of outreach. Cryptocurrencies were always intended be utilized widely. Many large organizations and countries have publicly stated their support for cryptocurrency. In particular, Dubai has been on the
The firm’s mission includes spreading and improving crypto’s presence in the UAE. Dubai has earned a reputation as a crypto-friendly destination. Virtuzone has teamed with Binance to accept cryptocurrency for commercial transactions in the United Arab Emirates (UAE). The company’s new goals will be made possible through the use
Almost 60% of US retailers accept crypto as payment. Now Dubai Day To Day hypermarket is taking the first step and accepting crypto now. As cryptocurrencies gain popularity, more businesses are now accepting them as a form of payment. The biggest economies, like the United States, Germany, Canada, and now
D2A2’s main goal is to boost transparency through data and market intelligence. The organization will give digital asset businesses a space to unify their voices. Dubai Chamber of Digital Economy has announced the formation of the Dubai Digital Assets Business Group (D2A2), which aims to strengthen the role of the
FTX has received approval to enter Dubai’s MVP for VARA. Earlier this year, FTX started a transfer procedure for its operational MVP license. The region’s cryptocurrency regulator, the Virtual Asset Regulatory Authority, has approved FTX Exchange FZE (FTX) to participate in Dubai’s “Minimum Viable Product” (MVP) program for Virtual Assets
