Cryptocurrency trading allowed in the UAE

The financial regulators of the UAE have taken official permission to support cryptocurrency trading in the free economic zones of the Dubai World Trade Center, Dubai Multi Commodities Center.

This permission allows Free Zones to issue the necessary licenses for cryptocurrency-related financial activities, such as issuance, listing, trading, and licensing processes.

Subsequently, a public bitcoin fund (BTC) was listed on the local Nasdaq Dubai stock exchange by Canadian digital asset fund manager 3iQ.

For questions about obtaining licenses and introducing activities with cryptocurrency, you can contact Parus Management Consultancies, Dubai, UAE.