BitcoinBaron
Fri Jun 07 2024
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6 answers
1140
Is Binance legal in Dubai? | Why it matters: Binance joins a growing list of firms to have a VASP license in Dubai. Bahrain-based competitor CoinMENA received the license for broker-dealer services last November, while Crypto.com's license was finalized earlier this month.
Is Binance operating legally in Dubai? This question holds significance given that Binance has recently been added to the expanding roster of companies holding a VASP license in Dubai. Its Bahrain-based rival, CoinMENA, secured a broker-dealer services license in November of last year, while Crypto.com also saw its license officially granted earlier this month. How does Binance's legal status in Dubai impact the larger cryptocurrency and finance landscape? What does this mean for investors and traders in the region? And how does it compare to the regulatory frameworks of other countries in the Middle East?
ShintoMystery
Fri Jun 07 2024
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6 answers
1374
How much is a crypto license in Dubai?
Could you please enlighten me on the cost of obtaining a crypto license in Dubai? I'm particularly interested in understanding the financial commitment required for this process. Would it be possible for you to provide a ballpark figure or an estimate of the associated expenses? Additionally, would you mind sharing any insights on the factors that might influence the cost, such as the type of license or any additional requirements? Thank you for your assistance in clarifying this matter.
Lorenzo
Fri Jun 07 2024
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7 answers
1672
Can I accept crypto as payment in Dubai?｜, as crypto payments are regulated by the Central Bank of the UAE. Due to this, residents in Dubai and other cities in the UAE are allowed to own and invest in crypto assets.There aren' t any restrictions on using cryptocurrency in the United Arab Emirates
Could you please clarify the situation for me? I'm wondering if it's permissible to accept cryptocurrency as a form of payment in Dubai. I understand that crypto payments are subject to regulations by the Central Bank of the UAE, but I'm not quite sure how this affects businesses or individuals in Dubai specifically. Given that residents of Dubai and other cities in the UAE are allowed to hold and invest in crypto assets, does this mean there are no restrictions on using them for transactions? Could you please elaborate on this matter?
Silvia
Fri Jun 07 2024
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6 answers
1742
Is crypto tax free in Dubai?
I've been hearing rumors that crypto transactions are tax-free in Dubai. Is this really the case? If so, what are the specific regulations or policies that govern this? And does Dubai offer any other incentives or advantages for those investing in cryptocurrencies? Additionally, are there any restrictions or limitations to be aware of when dealing with crypto in Dubai? I'm really interested in exploring this further, so any information you can provide would be greatly appreciated.
amelia_martinez_engineer
Fri Jun 07 2024
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7 answers
1421
Is Dubai full of millionaires?｜. The number of individuals in Dubai with liquid investment wealth — assets that can be readily converted to cash — of $1 million or more increased by 78% between 2013 and 2023 to 72,500, according to a report.Dubai crowned wealthiest city in Middle East, home to 72,500 millionaires
Does Dubai boast an abundance of millionaire individuals? It's fascinating to learn that the count of individuals in Dubai possessing liquid investment wealth — assets that can be easily liquidated into cash — with a minimum of $1 million has seen a remarkable 78% surge over the decade from 2013 to 2023, reaching a significant figure of 72,500. This statistic truly positions Dubai as the wealthiest city in the Middle East, a haven for an impressive number of millionaires. But, does this mean Dubai is indeed filled to the brim with millionaire residents?
