Dubai rolls out red carpet for cryptocurrency trading

Dubai, the hub of commodity trading in UAE is going to be the safest place for cryptocurrencies in near future. The UAE downtown, of late, has started rolling out red carpets to the leading firms in the cryptocurrency market expanding the area of operations by the Multi Commodities Centre.
Many firms, these days, are engaged in talks the Centre since it has already started licensing the cryptocurrency trading. The response is growing at an incredible speed since it has no personal and corporate income tax.
Regal Assets, which has already procured license from DMCC to do gold trade in US, Canada and UAE has, of late, incorporated cryptocurrency in its trading list paving the way for other firms across the globe to follow the suit.
The first ever company to have procured the license for cryptocurrency trading further has the scope for storage of bitcoin in the Dubai based DMCC headquarters.
This trend suggests, beyond doubt, that cryptocurrency is set to be a roaring market in Dubai since it is unregulated as of now much to the huge advantage for the firms which have been evincing keen interest to set up business in this buzzing economic zone in the UAE.
According to DMCC heavyweights, the Centre has been carefully looking at the worldwide consensus to classify Cryptocurrency as commodity trading which starts flowing on every passing day in Dubai.

They further maintain that they use of state-of-the-art technology and innovation will be growing like anything which could lead to the tryst with new markets, customers and industries. 
Category:

Share this with Your friends: