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[SCAMEXPOSER]

The UAE Securities and Commodities Authority (SCA) collaborates with Dubai World Trade Centre Authority (DWTCA) to speed up cryptocurrency asset trading together with the financial operations inside the DWTCA's freezone. According to the agreement, DWTCA will give financial operations the necessary access and licenses for using crypto assets while SCA will handle, monitor, and checkmate firms operating within DWTCA's freezone.

 

[GoldenLady]

The UAE has always been one part of the world that supports business growth and expansions. It is understandable thus they are making plans towards cryptocurrency adoption

 

[Ptrikha90]

This would be good for UAE economy. UAE support Business friendly moves, including even becoming a Neutral cricket ground for different countries.

 

[Wisdom01]

This would be good ,atleast the collaboration would actually get more people to be interested in investing in cryptocurrency ,I see it as a good development

 

[Ptrikha90]

This would be good ,atleast the collaboration would actually get more people to be interested in investing in cryptocurrency ,I see it as a good development

Plus with the kind of Financial ecosystem in UAE, it would be even a good development.

 

[Wisdom01]

Plus with the kind of Financial ecosystem in UAE, it would be even a good development.

Exactly it would be a good development ,the kind of financial eco system would create give more room for more instance of crypto development in the country

 

[Brain]

The UAE understand the need to incorporate the use of crypto trading and that's why they are okaying it. I hope other countries will follow this pattern instead of outrightly saying no to it which doesn't make much of economic sense. Crypto trading is beneficial and it should be given the opportunity to thrive.

 

[AudraMiller]

The UAE Securities and Commodities Authority (SCA) collaborates with Dubai World Trade Centre Authority (DWTCA) to speed up cryptocurrency asset trading together with the financial operations inside the DWTCA's freezone. According to the agreement, DWTCA will give financial operations the necessary access and licenses for using crypto assets while SCA will handle, monitor, and checkmate firms operating within DWTCA's freezone.

It is good that cryptocurrency is starting to get all of this approval because i think that this will be very helpful in trying to give peopel that sense of confidence that they need in the coins in order to be able to take that step and make that investment in cryptocurrency. Hopefully this will be met with a rise in price.