Bitcoin News #bitcoin

Discussion in 'Metals' started by Larry, Feb 14, 2018.

  1. Larry

    Larry Administrator

    Dubai Issues License to Cryptocurrency Firm

    Dubai is one of the largest developing economy in the world and with recent development, it has started issuing licenses to firms trading crytocurrencies. A gold trader offering cryptocurrency services was the first to get a license in that region. The agency responsible for issuing License is called DMCC (Dubai Multi Commodities Centre), established in 2002 in UAE.

    “We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone,” offering zero percent personal and corporate income tax, the center’s website states

    Regal Assets is the name of the gold trader company that first received a license to operate and trade cryptocurrency in the region. The company is now offering offering brokerage services and an insured, high-security cold storage service for bitcoin, ether, bitcoin cash, ethereum classic, ripple, and dash.

    With this recent development, more crypto companies could move to this free economic zone.

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