All cryptocurrency companies incorporated in the DMCC benefit from the DMCC’s business regulatory framework. This increases ease of doing business while maintaining robust governance and transparency.
/EIN News/ — LOS ANGELES, Calif., Aug. 5, 2022 (GLOBE NEWSWIRE) — DhabiCoin (DBC) has been approved after a lengthy process to obtain a DMCC license.of Financial Times fDI Magazine named ‘Global Free Zone of the Year’. By the end of 2021, the date of the DMCC’s last official UNLOCK report, the number of crypto entities registered with the DMCC was 151, including blockchains such as: Huobi (2018) and binance (2022) and crypto-like ethereum and BNB.
The Dubai Free Zone is now home to over 20,000 commodities companies and is celebrating a new record for the first half of 2022. DMCC, the world’s leading free zone and Dubai government agency for commercial and commodity companies, is the market. In the first half of this year, in the first half of 2022, he registered 1,469 new companies. This is a 19% increase over the same period last year. In June alone, DMCC won 323 new business in free trade zones and commercial districts. This is the best monthly performance since inception. After a record year 2021 when the DMCC gained his 2,485 new members, the DMCC is now home to over 21,000 companies.
The Dubai Free Zone Multi-Commodity Center (DMCC) is a worthwhile place to consider for cryptocurrency work in the United Arab Emirates. A DMCC encryption license ensures the legality of the company’s operations. Regal Assets was the first company to receive this license, offering customers cold storage of cryptocurrencies. The regulation of cryptocurrency and blockchain projects in the United Arab Emirates is done by the FSRA (Financial Services Regulatory Authority) for ADGM (Abu Dhabi Global Market). This agency publishes guidance on cryptocurrencies. It also oversees blockchain businesses to ensure transparency and prevent money laundering and terrorist financing. Other institutions that may contribute to cryptocurrency regulation in the UAE in the future are SCA (Securities and Commodities Authority) and DFSA (Dubai Financial Services Authority).
DhabiCoin continues to develop and contribute to revolutionize the world of cryptocurrencies.
Learn more about DBC here.
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DBCs are big one, L bank ratokenpancake swap, hot bits, and coin payment. Go to DBC coin market capitalization When coin gecko.
Xico So
DhabiCoin
Xicoso (at) dhabicoin.ae
