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Dubai Airport Free Zone Authority (DAFZA) partners with United Arab Emirates' Securities and Commodities Authority (SCA) which is a financial markets supervisor across the UAE.

DAFZA is set regulate cryptocurrency trading while SCA will manage crypto offering, issuance, listing, trading within the free zone and also manage every vital Crypto Trading-related approval and licensing for different companies

 

[Wisdom01]

Basically this will help reduce the fraud tokens that want to get listed on the country exchange platforms,but i am suprised on why the airport unit is on this too

 

[Razor1911]

After a long time a gold new for the cryptos. Last 15days was like trauma for all crypto holders. There were so much of negativity about the bitcoin, it just slipped almost half of the peak price. Even I think all other countries to start accepting it now. Its the future of online payment system.

 

[Wisdom01]

After a long time a gold new for the cryptos. Last 15days was like trauma for all crypto holders. There were so much of negativity about the bitcoin, it just slipped almost half of the peak price. Even I think all other countries to start accepting it now. Its the future of online payment system.

It would surely bounce back ,because on the last days there have been really bad news and when good news starts popping up it can motivate investors

 

[Razor1911]

It would surely bounce back ,because on the last days there have been really bad news and when good news starts popping up it can motivate investors

Also the price of bitcoin has already bottomed out. As you can see in the chart of bitcoin, it made a spike towards 29k and bouncee back. And now this type of positive news is really a booset to bounce from here.

 

[Wisdom01]

Also the price of bitcoin has already bottomed out. As you can see in the chart of bitcoin, it made a spike towards 29k and bouncee back. And now this type of positive news is really a booset to bounce from here.

It have bottomed out, and it seems the price is going to intercept and rush down to $24k before a bounce comes into place and investors makes profit

 

[Razor1911]

It have bottomed out, and it seems the price is going to intercept and rush down to $24k before a bounce comes into place and investors makes profit

What do you understand by bottom out. If you think the price is still going to go lower, that means the bottom is not yet formed. So you can't say it has bottomed out. But as for my analysis I think it already bottomed out. Now there we should not see any downside movement here. Some consolidation followed by upward breakthrough.

 

[Wisdom01]

What do you understand by bottom out. If you think the price is still going to go lower, that means the bottom is not yet formed. So you can't say it has bottomed out. But as for my analysis I think it already bottomed out. Now there we should not see any downside movement here. Some consolidation followed by upward breakthrough.

the consolidation doesn't seem to be happening right now ,the fall that happened was really a huge one ,no one expected it ,I hope it could bounce back and increase ,it's really taking long to boost ,it seems as tho it's not going to boost so high ,I hope it's actually beats up my expectations at the end

 

[Horia_10]

10k levels are clearly more realised and coming soon according to most of the popular analysts and investors that think they must have done the things right but you have to know that the market is jusr never in control of you but anyone's else's hands so anything can happen actually .

 

[Wisdom01]

10k levels are clearly more realised and coming soon according to most of the popular analysts and investors that think they must have done the things right but you have to know that the market is jusr never in control of you but anyone's else's hands so anything can happen actually .

if the support at $20k is unable to hold it ,I have fear that definitely we might see that huge drop happening soon ,Bitcoin price could move backward to about $10k and definitely it would take time to rise again , we should keep investing hoping that the price likely boost , because things aren't rosy to be honest

 

[fiery phoenix]

10k levels are clearly more realised and coming soon according to most of the popular analysts and investors that think they must have done the things right but you have to know that the market is jusr never in control of you but anyone's else's hands so anything can happen actually .

Remember we already hit the 200-day moving average of bitcoin at 21k and historically bitcoin bounced back in previous years when it hit it because there is believed to be a strong support there.We hit it already and went lower to 17k,so we can say we broke the support there,and run all active orders,but the market is refusing to go lower below 17k,anything is possible now

 

[Ben Kempton]

Basically this will help reduce the fraud tokens that want to get listed on the country exchange platforms,but i am suprised on why the airport unit is on this too

I think they have opted for airports because it is the point where more and more foreigners are gathered. This is because Dubai airport is a place where many different people belonging to different nationalities arrive at the spot. I think that this could be a big reason why they have selected such kind of place.

 

[Wisdom01]

I think they have opted for airports because it is the point where more and more foreigners are gathered. This is because Dubai airport is a place where many different people belonging to different nationalities arrive at the spot. I think that this could be a big reason why they have selected such kind of place.

yeah probably why they actually chose such location ,and I guess they would actually be involved more in regulation ,like setting standard for exchange platform to operate in the country and others , while the sca would pratically get involved in other diversifying option available to check for in the platform

 

[Ben Kempton]

yeah probably why they actually chose such location ,and I guess they would actually be involved more in regulation ,like setting standard for exchange platform to operate in the country and others , while the sca would pratically get involved in other diversifying option available to check for in the platform

It should be noted that airports are pretty expensive places as well. I remember getting my money exchanged at Airport's money exchange. They offered slightly low rates as compared to exchanges that were found outside the airport. I think that since Dubai has allowed cryptocurrency trading at airports, this suggests that there should be some kind of benefit the government might be reaping.

 

[Horia_10]

That's possible but it is convenient that matters and if you had to travel 10 miles to exchange your assets better pay 1% and save 10 miles fuel which could have cost you a few pounds and that is why such things are always welcomed if they are done to facilitate the people actually .

 

[Ben Kempton]

yeah probably why they actually chose such location ,and I guess they would actually be involved more in regulation ,like setting standard for exchange platform to operate in the country and others , while the sca would pratically get involved in other diversifying option available to check for in the platform

Dubai or U.A.E is a kind of place that welcomes any kind of business opportunity and this is why it became so rich. This is one of the main reasons why Dubai has remained a free port for many traders as we can clearly see in the pics that I attached. Dubai Airport is one of those places as well and this is why the cryptocurrency traders could take advantage of this opportunity as well.

 

[Horia_10]

Gold that trading is available at the airport but I am skeptical only about the fees that is charged over the normal trading fees and that is a low point the fees in such things should be waived off to allow more chances of having the market growing fast in terms of evolution .

 

[Ben Kempton]

Gold that trading is available at the airport but I am skeptical only about the fees that is charged over the normal trading fees and that is a low point the fees in such things should be waived off to allow more chances of having the market growing fast in terms of evolution .

I guess that if they want it to be successful, then they would have to set a reasonable fees. having said that, I am not sure about fees, but what I do know is that they do not charge any trading taxes on cryptocurrency trading and I guess that this is a really great thing for many traders who want to start a trading platform.