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securell · 1 year
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How To Buy Bitcoin In Dubai And Convert Them Into Cash?
If you have a question how to convert bitcoin to cash, you don’t have to worry about that. Our exchange is the most popular Crypto Exchange in Dubai UAE. We can help you stay on top of your cryptocurrency trading journey.
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abtechsorg · 1 year
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MetaTdex Obtains Groundbreaking License from DMCC: A Step Forward for the Mainstream Adoption and Legitimacy of Cryptocurrency
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MetaTdex, a decentralized exchange based in Dubai, has made history by becoming the first decentralized exchange to obtain a license from the Dubai Multi Commodities Centre (DMCC). This achievement marks a significant milestone for the company, as it now has legal and regulatory backing to provide all encrypted digital asset exchange services in Dubai, including Bitcoin (BTC), Ether (ETH), USDT token and more.
The license (No. DMCC-870791) means that MetaTdex has obtained the authority to provide these services in a compliant and secure manner, ensuring that users can participate in Web 3.0 finance with confidence. This is a major step forward for the industry, as it promotes the mainstream adoption of cryptocurrency and blockchain technology.
MetaTdex established an operation center in Dubai in August 2022, and in just four months since moving into their new office, the company has already secured both a US MSB (Money Services Business) and Dubai DMCC license. This rapid progress is a testament to the hard work and dedication of the MetaTdex team, as well as the favorable regulatory environment in Dubai for cryptocurrency and blockchain technology.
Furthermore, MetaTdex is not content to rest on their laurels, and they are actively working on obtaining more licenses such as Dubai MTL (Metals and Minerals trading License), VARA (Virtual Asset Service Provider), DIFC (Dubai International Financial Centre), ADGM (Abu Dhabi Global Market). This indicates their goal to open up the connection between cryptocurrency and traditional stock markets, allowing users to gain more benefits in a compliant and secure Web 3.0 finance environment.
The development of the blockchain and cryptocurrency ecosystem in Dubai is something that is worth paying attention to. The DMCC license granted to MetaTdex is an indication that the government is committed to creating an environment that is favorable for blockchain technology and cryptocurrency. With a rapidly advancing regulatory environment, we can expect to see more companies following in MetaTdex’s footsteps and obtaining licenses to operate in Dubai.
In conclusion, the success of MetaTdex in obtaining a license from the DMCC is a significant achievement not only for the company but also for the entire blockchain and cryptocurrency industry. It is a clear signal that Dubai is open to innovative technologies and is working to create a favorable environment for their development. This is an encouraging development and it will be interesting to see how the ecosystem in Dubai continues to evolve in the coming years.
Join our Community to get the latest update on MetaTdex: Main Group: https://t.me/MetaTdex_group MetaTdex Twitter https://mobile.twitter.com/MetaTdex
Start your web3.0 journey with MetaTdex. www.metatdex.com
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coinatory · 2 months
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Crypto.com Secures Pivotal License from Dubai’s Virtual Assets Regulator
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In a landmark move for the cryptocurrency sector, Dubai's esteemed Virtual Assets Regulatory Authority (VARA) has awarded a Virtual Asset Service Provider (VASP) license to Crypto.com, a leading global trading platform. This authorization, announced on April 9, empowers Crypto.com to extend its sophisticated institutional services to the burgeoning market within the Emirate, signifying a major milestone in its expansion efforts. Eric Anziani, the Chief Operating Officer and President of Crypto.com, articulated the strategic importance of this development, stating, "Initiating our world-renowned institutional services through the Crypto.com Exchange in Dubai is crucial for our continued growth and success in this vital market for our company." This sentiment underscores the strategic vision of Crypto.com as it solidifies its presence
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srkshaju · 4 months
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Abu Dhabi: Emerging as a Global Cryptocurrency Hub
The United Arab Emirates' capital, Abu Dhabi, is rapidly establishing itself as a premier destination for cryptocurrency businesses, both regionally and internationally.
This surge in prominence stems from a confluence of factors, including a forward-thinking regulatory framework, a robust economic environment, and strategic positioning.
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Regulatory Clarity Drives Growth
Central to Abu Dhabi's appeal is the Abu Dhabi Global Market (ADGM), an autonomous financial center operating under a well-defined legal framework modeled after English common law.
The Financial Services Regulatory Authority (FSRA) within ADGM has been a crucial driving force, pioneering comprehensive crypto asset regulations in the Middle East as early as 2018.
This framework encompasses the entire spectrum of crypto activities, from issuance and trading to custody and brokerage, addressing key risk areas like money laundering and market integrity.
Notably, the FSRA provides clarity on initial coin offerings (ICOs) and stablecoins, aligning itself with international best practices.
This clear and comprehensive approach has resonated with the crypto community, fostering an environment conducive to innovation and responsible growth.
Attracting Industry Leaders
The combination of a robust regulatory framework and a supportive business environment has attracted prominent crypto players to Abu Dhabi.
Kraken, a leading cryptocurrency exchange, established its regional headquarters in ADGM in 2022, becoming the first international virtual asset exchange group to be granted a comprehensive financial license in the UAE.
Similarly, Paxos, a renowned blockchain infrastructure platform, has received in-principle approvals from the FSRA, highlighting the growing acceptance of diverse crypto businesses within the emirate.
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Beyond Regulation: A Compelling Business Ecosystem
Abu Dhabi's allure extends beyond its regulatory landscape.
The emirate boasts a diversified economy with significant strengths in sectors like energy, aerospace, tourism, and healthcare, contributing to a GDP of $508 billion and a per capital income of $87,729.
This economic stability positions Abu Dhabi as a secure and lucrative base for crypto businesses.
Furthermore, the emirate offers an array of incentives, including a tax-friendly regime, 100% foreign ownership with unrestricted capital movement, world-class infrastructure, and a strategic location for accessing markets across Asia, Africa, and Europe.
Coupled with a high quality of life and cosmopolitan culture, Abu Dhabi presents a compelling proposition for crypto companies seeking to expand their global footprint.
Challenges and the Road Ahead
While Abu Dhabi's progress is commendable, challenges remain. The inherent volatility of the crypto market poses potential risks for both businesses and investors.
Additionally, competition from other jurisdictions with varying regulatory approaches, such as Dubai, necessitates a vigilant and adaptable stance from both industry players and regulators.
Continued focus on transparency, regulatory agility, and fostering a collaborative environment will be crucial for building a resilient and sustainable crypto ecosystem within the emirate.
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Conclusion: A Promising Trajectory with Measured Optimism
Abu Dhabi's emergence as a global cryptocurrency hub is a testament to its proactive approach to regulation, supportive economic environment, and strategic positioning.
Its commitment to innovation and its attraction for leading industry players are clear indicators of its ambitious aspirations.
However, navigating the inherent uncertainties of the crypto market and maintaining a competitive edge will require sustained efforts and a willingness to adapt.
Nonetheless, Abu Dhabi's trajectory is undeniably promising, positioning it to play a significant role in shaping the future of the global crypto landscape.
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inchbrick-realty · 5 months
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Want To Buy Property With Cryptocurrency In Dubai ? : Step-By-Step Guide
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Virtual currencies such as Bitcoin and Ethereum are actively used to buy properties in real estate. Dubai has gone further than most countries and was the first to introduce the ability to sell, rent or buy real estate using cryptocurrencies or Bitcoin.
The crypto market can be extremely volatile at times, which is why many crypto investors are diverting their funds into a more stable investment such as real estate.
What is cryptocurrency?
Cryptocurrency is basically a digital version of money that is based on cryptographic technology or an immutable code. Cryptocurrencies are based on blockchain technology, which is essentially a decentralised database that cannot be altered or hacked.
Regulation of cryptocurrencies and blockchain in Dubai
VARA was established to provide a secure and advanced operating framework for the virtual asset (VA) sector that is capable of scaling while ensuring market and investor protection, and expects it to regulate the principles of services and activities rather than the constantly evolving products and underlying technologies. This bold move reflects the Dubai government’s confidence that virtual assets are an integral part of the future digital economy and its willingness to establish the emirate as a world capital for virtual assets. Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its metaverse headquarters in the dynamic virtual world "The Sandbox".
As the first regulator in the world to debut in the metaverse, VARA aims to ensure that the regulator is accessible to the industry in its environment and facilitate collaboration between global Virtual Asset Service Providers (VASPs), industry thought leaders and international regulators.
Government initiatives
Through these types of projects, the country aims to drive government efficiency, industrial development and international leadership. The blockchain strategy initiatives led by Sheikh Mohammed bin Rashid Al Maktoum will help make Dubai a prosperous city.
The cryptocurrency system and blockchain will be actively introduced into the economy and will help to conduct business without any bureaucracy. Blockchain will be used in the real estate industry to create a registry of all properties in Dubai, which will be developed by the Dubai Land Department (DLD).
Buying, Selling or Leasing A Properties With Inch & Brick Realty
If you want to sell, rent or buy real estate in Dubai using cryptocurrencies, we recommend that you work with companies that have already been successful with such transactions.
Inch & Brick Realty works with reputable financial brokers who have an impeccable reputation in the digital market and are licensed by the Dubai Financial Authority. The merchant licence allows you to accept cryptocurrencies and exchange them into UAE Dirhams (AED). (Even if you buy a property with virtual currency, you cannot pay for it directly. The UAE Central Bank stipulates that all transactions within the country must be made in the local currency. Therefore, transfer the digital currency to the trading company and wait until you receive a check for the agreed amount to pay for the property)
This process can be carried out in any cryptocurrency such as Bitcoin, Ethereum, US dollars or other digital currencies at a fixed price during trading at the trading company's headquarters. The transaction price is set according to the current cryptocurrency price and the amount of commission can be discussed with us in advance.
The process of purchasing cryptocurrencies is very simple. Buyers should open a cryptocurrency wallet if they don't already have one. Registration for the wallet can be done by individuals or companies. Regardless of the payment method chosen, a real estate transaction usually begins with the selection of the property, followed by a discussion of the terms of the contract. At this stage, the buyer and seller discuss the key milestones of the transaction. This is later recorded in the purchase contract. The property price quoted in UAE dirhams is converted into cryptocurrencies such as Bitcoin. The amount is stated in the contract and cannot be changed. Seller and buyer are not responsible for exchange rate fluctuations.
The buyer then needs to transfer the agreed amount of virtual currency to the trading company's digital wallet and pay the commission amount. The buyer is then given a check for AED and can either transfer the required amount to the escrow account of the particular property if the transaction is an off-plan property or transfer the funds to the seller's account. If you intend to buy directly from the developer, you will need to sign a special contract form for third party transactions. The check will then be delivered to the developer and the buyer will receive a notification about the transfer. If the buyer is interested in a completed property, he can pay for the unit after receiving a check in AED. The real estate agent will then work on the deal and help you get the title.
Please note that price fluctuations may make a purchase or lease agreement transaction unprofitable for one party and may result in termination of the contract. In addition to the trading company's service fees, the buyer must pay the Lands Department registration fees (4% of the total property price) and real estate brokerage fees (2%).
What documents do you need to buy real estate with cryptocurrency?
To buy a property with cryptocurrency, you need the same documents that are required for an ordinary money transaction. First, a preliminary contract is drawn up in English or Arabic. Then, it is important to use the services of a professional real estate agent who will help you select the property, collect and prepare documents and fill out the contract correctly.
You will need the following documents for the transaction:
International passport
Identity document (ID)
Proof of residential address
Contact information
A power of attorney if your representative is carrying out the transaction
Inch & Brick Realty prides itself on making this a seamless process for both buyer and seller, managing every aspect of the buying process.
Contact us today to find out more information.
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theprivatewolf · 5 months
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Cryptocurrency License via Dubai Multi Commodities Centre (DMCC)
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The rise of cryptocurrencies and blockchain technology has captured the world’s attention, offering increased transparency, efficiency, and transaction security. Recognizing the immense potential in these fields, the United Arab Emirates (UAE) has positioned itself at the forefront of the global cryptocurrency revolution. In this article, we’ll explore how to obtain a cryptocurrency license through the Dubai Multi Commodities Centre (DMCC), a prominent player in the UAE’s thriving blockchain and cryptocurrency industry.
The UAE’s Crypto-Friendly Environment
The UAE government has been proactive in embracing cryptocurrencies and blockchain technology. In 2019, the Emirates Blockchain Strategy 2021 was launched, aiming to implement blockchain technology across sectors like healthcare, education, energy, and transportation. To provide a regulatory framework, the UAE Securities and Commodities Authority (SCA) issued regulations for cryptocurrencies and initial coin offerings (ICOs).
Dubai, in particular, has emerged as a cryptocurrency business hub, thanks to its favorable regulatory environment. The UAE SCA’s regulations have created a stable and predictable atmosphere for crypto businesses, fostering investment and growth. The Dubai Future Foundation established the Global Blockchain Council to explore blockchain’s potential applications, while the Dubai Blockchain Strategy aims to make Dubai the world’s first blockchain-powered city. These initiatives have attracted talent, investors, and entrepreneurs from across the globe, resulting in the establishment of numerous crypto-related businesses, exchanges, wallet providers, and blockchain startups in the UAE.
DMCC’s Role in the Crypto Industry
The DMCC has played a significant role in nurturing the cryptocurrency industry’s growth in Dubai and the UAE. The DMCC Crypto Centre, a vital initiative, offers a supportive ecosystem for blockchain and cryptocurrency startups and entrepreneurs. The centre provides office space, licensing, regulatory support, and access to funding and mentorship opportunities.
Additionally, DMCC launched the “DMCC Tradeflow” platform, leveraging blockchain to enhance commodity trading transparency, efficiency, and security. This initiative illustrates DMCC’s commitment to innovation within the blockchain and cryptocurrency sector.
Collaborations with Crypto License Companies
DMCC has also partnered with various blockchain and cryptocurrency license companies to explore blockchain technology’s potential across diverse sectors. For instance, DMCC collaborated with Swiss-based blockchain firm CV VC to launch a blockchain accelerator program in Dubai, supporting startups developing blockchain solutions for the commodities industry.
Notable DMCC entities within the crypto sector include:
Regal Assets DMCC: Specializing in providing cryptocurrency investment solutions to institutional and individual investors.
Emirates Digital Wallet: A blockchain-based payment platform designed for fast, secure, and cost-effective transactions.
Future Blockchain Summit: An annual event promoting innovation and collaboration within the blockchain and cryptocurrency industry.
Obtaining a Private Wolf Cryptocurrency License
To obtain a cryptocurrency license through Private Wolf, specific requirements must be met. These requirements may vary depending on the type of license and the nature of the company’s operations. In general, applicants should:
Submit a comprehensive business plan outlining operations, objectives, and target market.
Possess sufficient financial resources meeting DMCC’s minimum capital requirements.
Have a competent management team with industry experience and a successful track record.
Comply with all applicable regulatory requirements set by DMCC and other relevant authorities.
Implement robust security measures to safeguard customers’ funds (if applicable).
The application process typically takes around four weeks. It’s essential to stay updated on evolving regulatory requirements in the cryptocurrency industry.
Conclusion
Dubai, through DMCC’s initiatives and its favorable regulatory environment, has positioned itself as a leading destination for cryptocurrency businesses. The UAE’s forward-thinking approach to cryptocurrencies and blockchain technology offers a promising ecosystem for startups and entrepreneurs. If you’re considering venturing into the world of cryptocurrency, DMCC stands ready to support you on your journey, making your cryptocurrency license dream a reality while handling the administrative complexities, so you can focus on growing your business.
M.Hussnain
Private Wolf | facebook | Instagram | Twitter | Linkedin
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douglasstoby · 7 months
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Digifinex Labs: Backpack to Launch Cryptocurrency Exchange with Dubai License
Web3 digital wallet company Backpack has unveiled its plans to launch a cryptocurrency exchange following the acquisition of a crucial license from the Dubai Virtual Assets Regulatory Authority (VARA).
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VARA is entrusted with the regulation of “all virtual asset activities within the Emirate of Dubai,” as outlined in the official statement.
Armani Ferrante, the CEO and founder of Backpack, faced numerous challenges in the past year. As a former engineer at Alamada Research, he successfully raised $20 million for Coral in a funding round co-led by FTX Ventures shortly before the collapse of the exchange. Following FTX’s downfall, Coral found itself in a precarious position, losing $14.5 million, including the $10 million investment from FTX Ventures, which had been locked in the exchange.
Ferrante’s decision to launch his own exchange seems to be influenced, at least in part, by the adversity brought about by FTX’s collapse.
Get your $550
Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register
About DigiFinex
DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.
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ailtrahq · 8 months
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Ripple Labs’ Chief Legal Officer (CLO) Stuart Alderoty has advised the United States to take a leaf out of Singapore’s book and that of other nations that have designed concise and clear regulatory frameworks for their digital asset sector. US is Scaring Off Crypto Businesses The Ripple executive thinks that “rational regulations” are far away from the U.S. Based on his argument, the U.S. seems to be more focused on elevating politics over sound policies. He noted that this is not the case in regions like Singapore, the United Kingdom, Europe, and even Dubai where crypto innovation is currently blooming.  The Ripple CLO voiced his concerns following Ripple’s recent license win in Singapore. At the beginning of October, the payment firm secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This means that Ripple Labs can legally offer digital payment token services within the country. Markedly, this was about two days after American cryptocurrency exchange Coinbase received the same license from the Singapore apex bank. The numerous applications for this kind of licenses makes it obvious that several crypto-based entities are trying to move their businesses outside the U.S. Regulators in America including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are doing so much to frustrate the efforts of these crypto businesses through lawsuits and other crackdown measures. Full Singapore Embrace Coinbase and Binance were recently charged for violation of federal securities laws by the SEC in June. In their respective lawsuits, coins like Solana (SOL), Cardano (ADA), Polygon (MATIC), Decentraland (MANA), Axie Infinity (AXS) and many others, were categorised as unregistered securities. Kraken was equally forced to reach a $30 million settlement with the regulator earlier this year and it subsequently suspended its cryptocurrency staking service for US customers.  Singapore has really been accommodating towards these crypto-based companies and has gained global recognition for its contribution towards pioneering crypto regulation. It has placed itself as an ideal hub that makes it easier for businesses and financial institutions to utilize the full potential of digital assets in different use cases. Noteworthy, this several use cases for cryptocurrencies cuts across cross-border payments, crypto liquidity, and Central Bank Digital Currencies (CBDCs).
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businesssetupcompany · 8 months
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Step-By-Step Guide To Get A Crypto License In Dubai, UAE
Cryptocurrency is no longer a niche market; it's a global phenomenon. With its soaring popularity, many investors and entrepreneurs are considering setting up crypto-related businesses. Dubai, UAE, has emerged as a top destination for crypto ventures due to its progressive regulations and robust infrastructure. In this article, we will provide you with a step-by-step guide on how to obtain a crypto license in Dubai, ensuring that your venture is compliant, secure, and successful.
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Understanding the Crypto Landscape in Dubai
Before diving into the process of obtaining a crypto license, it's essential to grasp the regulatory environment in Dubai. The United Arab Emirates, and specifically Dubai, has been proactive in embracing blockchain and cryptocurrencies. The government has recognized the potential of this technology and aims to position Dubai as a global hub for crypto and blockchain innovation.
Step 1: Choose the Right Business Structure
The first crucial step in getting a crypto license in Dubai is selecting the appropriate business structure. You have several options, including:
Free Zone Company: This is a popular choice for crypto startups. Free zones offer 100% foreign ownership, no taxes, and full repatriation of profits.
Mainland Company: If you intend to do business within the UAE, a mainland company might be suitable. However, it requires a local sponsor.
Step 2: Business Plan and Feasibility Study
Once you've determined your business structure, you need to create a comprehensive business plan and feasibility study. This document should outline your crypto-related activities, market analysis, financial projections, and compliance measures. It will be a crucial component of your license application.
Step 3: Reserve a Trade Name and Register Your Business
To operate legally in Dubai, you must reserve a trade name for your crypto business and register it with the Department of Economic Development (DED). This step also involves obtaining initial approvals from relevant authorities.
Step 4: Office Space and Infrastructure
Dubai requires businesses to have physical office space. Depending on your chosen business structure, you can either set up your office within a free zone or in mainland Dubai. Ensure your office meets all the regulatory requirements.
Step 5: Apply for Initial Approval
With your business plan, trade name, and office space in place, you can now apply for initial approval from the Dubai Free Zone Authority or the DED, depending on your chosen structure. This approval is a crucial step towards obtaining your crypto license.
Step 6: Due Diligence and Background Checks
Dubai's regulatory authorities take compliance seriously. Expect thorough due diligence and background checks on your business and its stakeholders. Ensure that your financial records are in order and that you have a clean legal history.
Step 7: Acquire Necessary Permits
In this phase, you'll need to obtain permits and approvals specific to your crypto-related activities. This may include licenses related to cryptocurrency trading, exchange services, or wallet management.
Step 8: Secure Banking Partnerships
Having banking relationships in Dubai is vital for your crypto business. Establish connections with local banks that are crypto-friendly to facilitate smooth transactions and compliance with financial regulations.
Step 9: Apply for the Crypto License
Once you've completed all the previous steps and met the regulatory requirements, you can now apply for your crypto license. This will typically involve submitting your business plan, approvals, and relevant permits to the appropriate authorities.
Step 10: Compliance and Ongoing Reporting
Obtaining your crypto license is just the beginning. Dubai's regulatory framework requires continuous compliance and reporting. Ensure that you adhere to all regulations, report financial activities, and undergo regular audits.
Conclusion
Dubai, UAE, offers an inviting environment for crypto entrepreneurs. By following this step-by-step guide, you can navigate the regulatory landscape and secure a crypto license for your business. Remember that compliance is key to your success in Dubai's crypto ecosystem. With the right approach, you can establish a thriving crypto venture in this dynamic and forward-thinking city. Good luck on your journey to becoming a part of Dubai's exciting crypto industry!
FAQs
Q1: What is a crypto license, and why do I need one in Dubai, UAE?
A crypto license in Dubai, UAE, is a legal authorization that allows you to conduct cryptocurrency-related activities within the region. You need one to ensure that your crypto business is compliant with local regulations and operates legally.
Q2: Are there different types of crypto licenses available in Dubai?
Yes, there are various types of crypto licenses available, depending on your specific business activities. These licenses may include cryptocurrency trading, exchange services, and wallet management licenses, among others.
Q3: Can foreigners own 100% of a crypto business in Dubai's free zones?
Yes, in most Dubai free zones, foreigners can own 100% of their crypto businesses, making it an attractive option for international entrepreneurs.
Q4: What is the role of a local sponsor in setting up a mainland crypto business in Dubai?
A local sponsor is a UAE national who is required for mainland businesses in Dubai. Their role is to assist with legal matters and provide local support for your business.
Q5: How long does it take to obtain a crypto license in Dubai, UAE?
The timeframe for obtaining a crypto license in Dubai can vary depending on the complexity of your business and the efficiency of your documentation. On average, it may take a few months to complete all the necessary steps.
Q6: What are the key elements of a business plan and feasibility study for a crypto license application in Dubai?
A business plan and feasibility study should include details about your crypto-related activities, market analysis, financial projections, and compliance measures. These documents are crucial for your license application.
Q7: Is it necessary to have physical office space in Dubai for a crypto business?
Yes, Dubai requires crypto businesses to have physical office space. The location of your office may depend on whether you choose a free zone or mainland structure.
Q8: How can I ensure compliance with Dubai's crypto regulations after obtaining a license?
To maintain compliance, you should regularly monitor changes in regulations, report financial activities as required, and undergo periodic audits. Staying informed and proactive is key to compliance.
Q9: Are there specific banks in Dubai that are crypto-friendly for business transactions?
Yes, some banks in Dubai are more open to crypto-related businesses. It's essential to establish banking partnerships with institutions that are comfortable with these activities to facilitate your transactions.
Q10: What benefits does Dubai offer to crypto entrepreneurs that make it an attractive destination?
Dubai provides a conducive environment for crypto entrepreneurs due to its progressive regulations, infrastructure, tax advantages, and strategic location as a global business hub. These factors make it a compelling choice for crypto ventures.
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crynotifier · 10 months
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Coinbase's Global Exchange Surges with $280 Million Daily Trading Activity – Can it Overtake Binance?
Coinbase's Global Exchange Surges with $280 Million Daily Trading Activity – Can it Overtake Binance?
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Source: Adobe / Rafael Henrique
Coinbase‘s offshore derivatives exchange has experienced a significant surge in trading activity, with volumes approaching $300 million per day.
According to data from The Block’s data dashboard, Coinbase International, which facilitates trading in perpetual futures contracts, has consistently surpassed $100 million in daily volumes since August 14. 
On August 18, the platform’s volumes reached an impressive $287 million.
Launched in May, Coinbase International is part of Coinbase’s strategic initiative to expand globally. 
The company aims to accelerate its growth despite the complex regulatory landscape in the United States and its ongoing legal battle with the Securities and Exchange Commission (SEC), which commenced in June.
According to Coinbase’s shareholder letter, the company has successfully onboarded 50 institutional investors onto the platform. 
In just seven weeks of trading, these investors traded a staggering $5.5 billion. 
“While we are in the early days of investing to build liquidity and grow institutional participation, we are also working to bring new features and additional products to market over the second half of the year, such as additional asset trading books and spot trading,” the letter reads.
“We remain committed to partnering with high-bar global regulators and are encouraging the US to follow the progressive regulatory frameworks seen in emerging crypto hubs.”
Meanwhile, the surge in trading volume across Coinbase’s offshore exchange raises the question of whether it can surpass leading cryptocurrency exchange Binance. 
The competition between the two platforms might intensify, especially considering Coinbase’s efforts to expand globally and capitalize on the increasing institutional interest in cryptocurrency trading.
Binance is currently the largest cryptocurrency exchange in the world in terms of trading volume. 
The platform also holds approvals and registrations in 18 markets, including France, Italy, Spain, Sweden, Dubai, and El Salvador, making it the cryptocurrency exchange with the most licenses.
Coinbase to Offer Crypto Futures to US Customers
Last week, Coinbase revealed that it has won approval from the National Futures Association (NFA) to offer crypto futures to eligible US customers.
This came after the exchange applied with the NFA in September 2021 to register as a futures commission merchant (FCM), acting as a futures trading broker on its platform.
“Access to a CFTC-regulated crypto derivatives market is essential to unlocking significant growth and enabling broader participation in the cryptoeconomy.”
According to Coinbase, the global crypto derivatives market currently represents approximately 75% of the overall trading volume in the crypto space and is a vital access point for traders. 
Just recently, Coinbase also launched a crypto advocacy group tasked with promoting the interests of the crypto community. 
Dubbed Stand with Crypto Alliance, the independent nonprofit organization aims to mobilize support for legislation that would create a regulatory framework for digital assets in the US.
The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.
New Post has been published on https://crynotifier.com/coinbases-global-exchange-surges-with-280-million-daily-trading-activity-can-it-overtake-binance-htm/
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securell · 1 year
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Crypto Trading Platform in Dubai - Securell
Choosing the best cryptocurrency trading platform can help you achieve your business goals. Securell is a leading bitcoin and cryptocurrency trading platform where you can buy, sell and trade any cryptocurrencies at the best exchange prices in Dubai.
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abtechsorg · 1 year
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13 Reasons Why Investing in MetaTdex is a Smart Choice: An In-Depth Analysis
MetaTdex is a decentralized exchange platform that aims to offer a secure and reliable trading environment for cryptocurrency enthusiasts and investors. With the launch of Trade Mining Beta 2.0, MetaTdex is poised to become one of the leading decentralized exchanges in the industry. In this article, we will look at why users should consider investing in MetaTdex.
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LICENSED: The key reason why users should consider investing in MetaTdex is due to the company's licensed operations in multiple countries. Having a license from regulators such as the Dubai Multi Commodities Centre (DMCC) and China gives MetaTdex a level of legitimacy and recognition that many other decentralized exchanges may not have. This also indicates that MetaTdex is adhering to strict compliance measures and regulations, which can provide users with added security and peace of mind when it comes to their investments. Additionally, the company's ability to operate legally in multiple countries increases the potential market size and user base, which can be beneficial for growth and long-term success.
GROWTH POTENTIAL: MetaTdex is among the top 10 decentralized exchanges in the industry, and the platform has ambitious plans to become one of the top 3 decentralized exchanges by the end of 2023. This growth potential is attractive to investors who are looking for a platform that has a strong future ahead of it.
USER-FRIENDLY INTERFACE: MetaTdex has a user-friendly interface that makes it easy for users to trade and manage their assets. The platform is intuitive and easy to use, which makes it a great choice for users who are new to the cryptocurrency space.
STRONG SECURITY MEASURES: Security is of utmost importance when it comes to cryptocurrency trading. MetaTdex takes security seriously and has implemented strong measures to ensure that user assets are safe and secure. With Trade Mining Beta 2.0, the platform will be able to offer even more robust security features, further protecting user assets.
EXPERIENCED TEAM: MetaTdex is built and managed by a team of experienced professionals who are well-versed in the crypto industry. This level of experience ensures that MetaTdex stays ahead of the curve and continues to provide its users with the best possible services and features.
ATTRACTIVE TOKENOMICS: MetaTdex places a high level of emphasis on the value and support of the native token, the TT token. This is evident in the implementation of trade mining 2.0, which provides users with an opportunity to earn the TT token through their trading activities. With the high level of attention given to the TT token, it is expected to soar in value, providing users with a good return on their investment.
COMMUNITY INVOLVEMENT: MetaTdex is a community-driven platform and values the input of its users. The platform periodically holds AMA (Ask Me Anything) sessions to ensure that no community member or investor is left behind. This helps to keep everyone informed about the development process and any new features being rolled out.
MULTIPLE TRADING PAIRS: MetaTdex has plans to add more trading pairs in the future, allowing users to choose from a wider range of cryptocurrencies to trade. This will increase the number of available trading opportunities, making the platform even more attractive to users.
INTEGRATION OF MULTIPLE BLOCKCHAINS: MetaTdex aims to integrate more than 15 different blockchains into its ecosystem, making it a onestop-shop for all cryptocurrency-trading needs. This will further increase the platform's appeal to users, as they will be able to trade a wider range of cryptocurrencies from a single platform.
AVAILABLE OF LIQUIDITY: Decentralized exchanges have faced liquidity issues in the past, which can lead to slow transaction times and decreased trading volumes. Trade Mining Beta 2.0 solves this problem by incentivizing users to participate in the platform's trading activities. With increased liquidity, users can expect faster and smoother trading experiences.
NFT INTEGRATION: MetaTdex has plans to integrate NFTs into its platform in the near future, enabling users to hold NFTs in their wallets. This will further increase the platform's appeal to users and is expected to drive the value of the platform up over time.
REGULAR UPDATES AND IMPROVEMENTS: MetaTdex is constantly working on improving the platform and adding new features. Regular updates and improvements help to keep the platform relevant and provide users with a continuously improving user experience. This level of attention to detail and dedication to improvement is what sets MetaTdex apart from other decentralized exchanges.
ROADMAP FOR FUTURE DEVELOPMENT: MetaTdex has a clear roadmap for future development, and they are dedicated to achieving their goals. This roadmap includes plans for the integration of NFTs, the addition of new trading pairs, and the continued development of new features and improvements. The roadmap provides users with a clear understanding of what to expect from MetaTdex in the future, which is important for making informed investment decisions.
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MetaTdex is a promising platform with a lot of potential for growth. With its welldesigned tokenomics, strong security measures, and community involvement, MetaTdex is an investment option that users should consider today, tomorrow, and in the Future.
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Start your web3.0 journey with MetaTdex. www.metatdex.com
MetaTdex :Safe| Efficient | Diverse
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thesecrettimes · 10 months
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Crypto․com Granted Registration Approval in the Netherlands
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Cryptocurrency exchange Crypto․com has secured an approval for registration with the Dutch central bank as a provider of crypto services in the Netherlands. The confirmation follows a comprehensive review of its compliance with the country’s Money Laundering and Terrorist Financing (Prevention) Act, the company noted in a press release. Crypto․com’s CEO Kris Marszalek described the registration approval from De Nederlandsche Bank (DNB) as a significant milestone for the company’s business and a testament to its commitment to compliance. He was also quoted as stating: Collaborating with regulators to responsibly advance the crypto and blockchain industry is of paramount importance to Crypto.com. Marszalek further emphasized that the exchange looks forward to continuing to work with the DNB and other regulators around the world. With the Dutch registration, the trading platform adds another approval from authorities in Europe amid increased regulatory uncertainty and scrutiny for the industry in many jurisdictions. The Singapore-based crypto exchange has already obtained its license as a Major Payment Institution (MPI) for digital token payments, e-money issuance, account issuance, and cross-border and domestic money transfer services from the city-state’s monetary authority. It has registrations and authorizations in the U.S., Australia, Dubai, and South Korea. On the Old Continent, Crypto․com has received registration as a Digital Asset Service Provider (DASP) from the Financial Markets Authority (AMF) of France and registration approval as a crypto asset business from the U.K.’s Financial Conduct Authority (FCA). The crypto firm is registered as a Virtual Asset Service Provider (VASP) in Spain as well and has registrations in Italy, Greece and Cyprus. Crypto․com’s approval in the Netherlands comes after the decision of to pull out of the Dutch market after failing to obtain registration as a crypto service provider. Sayings it wants to focus on fewer regulated entities in Europe, the world’s largest exchange for digital assets also applied for deregistration in Cyprus, canceled its U.K. authorization, and withdrew its license applications in Germany and Austria. In the past months, Binance has been under increased pressure from regulators around the world. The EU is yet to implement its package of comprehensive regulations for the sector, the Markets in Crypto Assets (MiCA) law. A provisional agreement on the legislation was reached in June 2022, EU lawmakers voted to approve it in April of this year and the EU Council adopted the new rules in May. However, their Union-wide implementation is expected to take another 18 months. What future do you see for cryptocurrency exchanges operating in Europe? Share your thoughts on the subject in the comments section below. Read the full article
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tipco613 · 1 year
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New Post has been published on http://cryptonewsuniverse.com/which-countries-are-set-to-drive-the-next-crypto-bull-run/
Which Countries Are Set To Drive The Next Crypto Bull Run?
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Which Countries Are Set To Drive The Next Crypto Bull Run? 
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Many in the cryptocurrency industry have attempted to predict when the next crypto bull run will commence. Much of it is speculation, so we can’t be sure when, but a few crypto veterans believe they know what regions will drive the next crypto market bull run. In February of this year, Gemini crypto exchange co-founder, Cameron Winklevoss, said that the next crypto bull market would come from the East.
His statement on Twitter referenced that countries in the East have been embracing crypto by introducing sensible regulations that could result in record levels of institutional investment. As per the sentiments of Coinbureau.com, this article explores five countries that could be the primary drivers behind the next bull market, when they could pass pro-crypto regulations, and  which cryptocurrencies will benefit. 
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Image source: Twitter
United Arab Emirates
The first country to watch is the United Arab Emirates (UAE). The UAE introduced its first pro-crypto regulations in 2018 when it announced its Blockchain Strategy 2021. However, it wasn't until early 2022 that the crypto industry started to migrate to Emirate cities like Dubai. That's because early 2022 is when the UAE announced that it would introduce a federal license for so-called Virtual Asset Service Providers (VASPs), including cryptocurrency exchanges. 
This federal license effectively combined all the crypto licenses the country had created by that time. In the following months, there were plenty of headlines about businesses, such as international schools accepting crypto payments and government agencies dabbling in Metaverses and NFTs. The UAE Ministry of Economy even set up a virtual headquarters in a custom metaverse. 
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Source: YouTube
By the end of 2022, the UAE was home to over 1.5K crypto projects and companies. Most of these projects and companies moved to Dubai, which caused FOMO from other Emirate cities, such as Abu Dhabi. It announced multibillion-dollar crypto initiatives to get in on the rush. Earlier this year, the UAE Minister for foreign trade announced that crypto would play a significant role in UAE trade. 
Although the UAE's crypto adoption is bullish, banking access is one minor issue holding it back from its full potential. According to UAE crypto regulation analyst, Wealthy Expat, pro-crypto regulation has yet to make UAE banks more comfortable opening accounts for crypto clients. It may have to do with the fact that the Financial Action Task Force (FATF) put the UAE on its grey list last March. 
For reference, being grey-listed means it becomes harder to transact with the global banking system, as explained in this article highlighting five institutions' efforts to thwart the crypto industry. It’s not ideal for crypto projects and companies seeking to cater to International clients, and it's a big part of why the UAE has taken proactive steps to get itself off the FATF's grey list. 
Such steps include tightening regulations around privacy coins and demanding more information from crypto projects and companies. As noted by Wealthy Expat, these revamped crypto regulations should make UAE banks more comfortable servicing crypto clients. And with a bit of luck, also be enough to get the UAE off that grey list. If both outcomes occur, it will finally open the floodgates for crypto capital in the country. 
However, there is one hindrance to crypto investing in the UAE, as there continues to be uncertainty about which cryptos are allowed according to Islamic law. For context, gambling is forbidden in Islam; it's safe to say that much crypto investing is no different from gambling. That's why it makes sense that the UAE is especially keen on the Metaverse and NFTs. The digital property aspect of these two crypto niches makes them more palatable from an Islamic perspective. 
As such, Metaverse and NFT cryptos could see the most significant inflows from the UAE's ongoing crypto adoption. While it's unclear when the UAE will finalize its revamped crypto regulations or get off the FATF's grey list, both will likely happen by the end of the year. This ultimately depends on how much the UAE complies with requests from the US government, which controls the FATF. 
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Image source: Al-Monitor
Saudi Arabia
The second country to watch is Saudi Arabia. In contrast to the UAE, the Saudi government banned banks from processing crypto-related transactions in 2018. The government also declared that crypto trading was illegal, but there are reportedly no punishments for those who trade. The absence of penalties is probably why a significant percentage of Saudi citizens hold and trade crypto. 
According to a survey by KuCoin in May last year, around 14% of Saudi adults had held or traded crypto over the previous six months. Another 17% were interested in crypto. Now, the apparent popularity of crypto in Saudi has given rise to so-called Halal-approved crypto products, which began making the crypto headlines late last year. 
Around this time, the Saudi Central Bank announced that it had hired a crypto expert to assist in crypto policy. Also, Binance is already doing business with the country, proving that Saudi is seriously considering pro-crypto regulations. Further evidence can be found in the unexpected announcement in February that the Saudi government had partnered with the crypto project, The Sandbox, for metaverse development. This further underscores the appeal of the Metaverse and NFT niches to countries with Islamic considerations. 
Although it's still too soon to say if Saudi Arabia will adopt crypto to the extent of the UAE, geopolitics is pushing the oil kingdom in that direction. As some may have heard, Saudi Arabia's relationship with the United States is getting weaker while its relationship with China is getting stronger. 
Saudi Arabia is reportedly considering pricing some of its oil sales to China in Yuan. This is a big deal because Saudi Arabia is supposed to price all its oil in US dollars. Pricing even just a portion of its oil in Yuan would weaken the US dollar, upsetting the United States. Here's where things get very interesting. 
The Saudi Riyal is pegged to the US dollar at a rate of 3.7 SAR to 1 USD, which has been the case since 1986. If Saudi Arabia was to do something to upset the US, such as sell its oil in foreign currencies, the US could retaliate by restricting Saudi Arabia's access to USD. The Saudi government is hyper-aware of this, and possibly why the Saudi Central Bank is considering the development of a Central Bank Digital Currency (CBDC). A digital Saudi Riyal could allow Saudi Arabia to eliminate its currency’s dependence on the US dollar. 
That approach may be problematic as other countries may feel uncomfortable accepting a Saudi CBDC as payment. One solution could be to develop a new kind of Reserve currency, such as the one being considered by the BRICS countries, or they could simply adopt cryptocurrency instead. 
The crypto approach may seem far-fetched until you consider that Iran, another Islamic country, allowed businesses to use crypto for trade last year. Moreover, China recently brokered a peace deal between Saudi Arabia and Iran, so Iran may use crypto for trade with Saudi Arabia which could make Saudi more comfortable doing the same. 
If Saudi Arabia does start using crypto for trade, the Gulf countries would likely follow suit because the currencies of most Gulf countries are also pegged to the US dollar. Chances are,  they're itching to escape US influence as much as Saudi is, and possibly why the UAE is rushing to roll out a CBDC too. 
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Image source: Cryptopolitan
Hong Kong
The third country is Hong Kong which is essentially part of China, highlighting the importance of Hong Kong's crypto adoption because it bodes China doing the same. For reference, China banned crypto in 2018 and eradicated what was left of the industry in 2021. Hong Kong was initially seen as a safe haven for Chinese crypto companies and projects, but this changed after the heavy-handed takeover of the authorities following mass protests in 2019 and 2020. 
In late 2020, Hong Kong banned retail crypto trading and cracked down on the crypto industry. In early 2022, Hong Kong started targeting stablecoins. Officials later confirmed this was because stablecoins could undermine a Hong Kong CBDC. The Hong Kong dollar is also pegged to the US dollar, suggesting that Hong Kong could likewise be trying to escape US influence with a CBDC. 
In mid-2022, Hong Kong officials noted that some NFTs require additional regulations. This suggests that the country may not be as open to Metaverse and NFT niches as the UAE and Saudi Arabia, and this may be due to China's strict control of social media and the desire to maintain it. In late 2022, Hong Kong officials noted they wanted CBDCs used in DeFi. Officials later explained that they wanted to create a CBDC-backed stablecoin. 
Then, Hong Kong officials out of nowhere announced they were considering legalizing retail crypto trading and investing. By the end of 2022, Hong Kong had committed to attracting over 1,000 crypto companies and projects to its jurisdiction over the next three years—a complete 180° in attitude. 
Earlier this year, Hong Kong officials specified that they wanted to restrict retail crypto investment to the largest and most liquid cryptocurrencies. This suggests that cryptos like BTC and ETH could be the biggest beneficiaries when retail crypto trading and investing become legal on June 1st, 2023. 
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Image source: Twitter
Not surprisingly, it was reported that the Chinese government had signed off on Hong Kong's crypto plans. Also, Chinese banks are reportedly trying to provide banking services to crypto companies and projects in Hong Kong despite crypto being illegal on the mainland. Hong Kong banks have also begun offering crypto-to-fiat conversions to their clients. 
Meanwhile, in China, the courts confirm that holding crypto is entirely legal despite all the restrictions. In combination, this suggests that the crypto inflows from Hong Kong will be truly massive. However, there are just two caveats: First, Hong Kong officials appear to oppose everything except crypto investing. Non-CBDC stable coins will be off-limits, and DeFi will be restricted too. One Hong Kong official noted last year that financial privacy would not be permitted either.  
Still, the inflows into large-cap cryptocurrencies could be enough to kick-start a new crypto bull market. Consider that Cameron's comments about the crypto bull market coming from the East were a reference to Hong Kong. Other crypto heavyweights, like Arthur Hays, have said the same. If all this becomes evident, it will likely result in pro-crypto competition in East Asia, much like the pro-crypto competition in the Middle East. It could result in Hong Kong removing many of its stablecoin, NFT, Metaverse, and DeFi-related restrictions to remain competitive. 
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Image source: CNN
Singapore
The fourth country to watch is Singapore, which seems to have a love-hate relationship with cryptocurrency. The government denied hundreds of crypto licenses, banned crypto-related advertising, and shut down crypto ATMs early last year. On the flip side, however, KPMG found that crypto investments in the country had increased by more than 13x in 2021. 
Singaporean banks started expanding their services to retail investors in early 2022, and multiple large crypto companies, including Circle and Coinbase, secured crypto licenses. Moreover, Singaporean companies have been exploring crypto payments, and the Singaporean government has been exploring tokenizing assets on Smart contract cryptocurrencies.
Yet, between these bullish headlines, there's been no shortage of bearish crackdowns on the crypto industry. Most of the crackdowns came after the crypto hedge fund Three Arrows Capital (3AC) collapsed, based in Singapore. Given that 3AC’s failure was caused by the implosion of Terra’s UST stablecoin, stablecoins were among the crypto niches Singaporean regulators targeted. 
Singaporean regulators also floated the idea of restricting the participation of retail investors in crypto but opted to introduce revamped crypto regulations for everyone instead. In late 2022, they discussed requiring retail investors to take an exam before investing. More recently, Singaporean regulators have been working on streamlining the screening process for crypto projects and companies seeking to secure bank accounts in the country. Note that banking access is the most prominent crypto industry issue, so this initiative could be very bullish. 
There are just two problems crypto could encounter in Singapore. First, the country experienced direct financial damage when FTX went bankrupt due to the government-owned investment firm Temasek losing around $275M when the exchange went down. This experience has made Singapore skeptical of cryptocurrency exchanges in general, and this has apparently been causing issues for Binance and others. 
That said, there seems to be more to Singapore's supposedly selective scrutiny of cryptocurrency exchanges and companies. Singapore has been reportedly working closely with the Federal Reserve on a CBDC. It suggests that the country is more geopolitically aligned with the United States and, unlike the other countries, is not trying to escape American influence using a CBDC.
It may explain why Singaporean authorities scrutinized Binance but not FTX, and the country continues to flip-flop between accepting and rejecting crypto. For those who don't know, Binance has been facing much scrutiny from US regulators as of late, as has the rest of the crypto industry, which means that Singapore's impact on the crypto market could go either way. 
It could be very positive if the country decides to compete with its neighbors on crypto regulations, but it could be very negative if it chooses to follow in the footsteps of the US. In all probability, Singapore will walk a very fine line. In any case, it's clear that the demand for crypto from elite investors in Singapore is very high. Once the country has finalized its crypto regulations, the inflows could be comparable to those from Hong Kong. The difference is that no crypto niches will be off-limits; Singapore will invest in everything. 
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Image source: BeinCrypto
France
Last on the list of countries to watch is France. Some say France is a wild card, but it’s becoming the most crypto-friendly country in Europe, outside of Switzerland, and possibly the most crypto-friendly country in the West. It appears to be because of President Emmanuel Macron. Since Macron was re-elected in April last year, there has been an avalanche of pro-crypto news coming out of France.
For starters, Binance secured a digital asset registration in the country in May 2022. This move was significant because Binance has faced much scrutiny elsewhere in Europe. Last September, one of France's largest banks began offering crypto custody services to institutional investors and subsequently secured the same digital asset registration as Binance to provide even more crypto services. It came about when US banks started facing scrutiny for doing the same. 
Earlier this year, Binance partnered with a French company to test crypto payments in the country. French Regulators also announced that they would revamp and introduce better crypto regulations. This is noteworthy because the EU is working on its own crypto regulations, and France is front-running. As a cherry on top, USDC stablecoin issuer Circle recently chose France to host its European headquarters. Considering that Circle understands crypto regulations everywhere and has the money to set up anywhere, choosing France confirms that the country is highly pro-crypto. 
Notably, one of the only anti-crypto headlines from France was about DeFi from earlier this month. The Bank of France wants DeFi protocols to be certified and incorporated so they can be regulated. The silver lining is the bank wants different regulations for DeFi from TradFi, which is the opposite of what regulators in the United States and its other allies have been calling for. They've been saying that Decentralized Finance should be regulated the same as Traditional Finance. Therefore, France's deviation on crypto policy and other international issues could be evidence of substantial geopolitical changes. 
This article about online censorship laws being introduced worldwide highlights that the EU has introduced a set of laws that target US tech companies. It relates to the possibility, if not likely, that the EU's initial pro-crypto regulations were a similar kind of retaliation. 
The abridged version is that the US is trying to attract Europe's most prominent industries with significant incentives, particularly the renewable energy industry. These industries are struggling with high energy costs and inflation due to the war in Ukraine, which most know by now, is a proxy war between the US and Russia. Macron is the only European leader willing to protest the precarious position the EU has been put in because of the US's foreign policy. 
Case in point, he recently doubled down on his comments that the EU should not get involved in a conflict between the US and China over Taiwan. France’s pro-crypto stance seems to be an extension of this sentiment, and the countries and the continents attempt to retain economic growth in the face of terrible economic fundamentals. 
The question is, how long can France maintain this divergent stance? Well, nobody knows the answer but Macron. Something else to consider; France may not be the best place for a crypto Hub: Besides the high taxes and strict employment laws, France will constantly face pressure from other countries in the EU if it goes down this pro-crypto path, which could even result in punishments. Still, if France continues against the grain, it could inspire other countries to do the same, not just in Europe. 
French is one of the world's most widely spoken languages. More importantly, it's spoken in many African and Middle Eastern countries actively trying to escape the US dollar. It would be easy for these countries to follow in France's footsteps, which could lead to other unforeseen network effects in both regions. Eventually, every country will realize that crypto adoption is inevitable. The sooner they adopt it, the higher they will be in the new pecking order—Game Theory at its finest. 
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    Editor and Chief Markethive: Deb Williams. (Australia) I thrive on progress and champion freedom of speech. I embrace "Change" with a passion, and my purpose in life is to enlighten people to accept and move forward with enthusiasm. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.
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lsden · 1 year
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CIECOIN's strategic plan for accelerating global development
CIECOIN Digital Currency Exchange, digital currency has been very active since its birth. Although it has the nature of speculation, the fundamental reason lies in the convenience and flexibility of digital currency in circulation and payment and the expectation of global asset decentralization. According to the data of CoinMarketCap, by the end of December 2022, there are more than 1800 different cryptocurrencies in the world, and the market value of all cryptocurrencies is more than $1 trillion. The market value of Bitcoin reached $420 billion, accounting for 42% of the total market value of cryptocurrency. According to Sina US stock data, the market value of world famous companies such as Amazon (US $969.3 billion, the latest market value in brackets, the same below), Tesla (US $630 billion), Berkshire Hathaway (US $629.8 billion), Alibaba (US $277.4 billion) has been surpassed by cryptocurrency.
From the above data, it can be seen that, based on the trend of blockchain and digital currency, since the beginning of 2017, various kinds of tokens have continued to heat up. Many large exchanges, such as Bittrex and Poloniex, have seen a sharp increase in monthly visits from the beginning of several million to ten million. The average daily trading volume reached 5 billion yuan. Even with the transaction fee of 0.2%, the average daily income can reach 10 million yuan, and the market is still expanding rapidly. Countries' attitudes towards blockchain assets, from prohibition to licensing to supporting legislation and other actions, all indicate that blockchain assets are the future development trend, and technologies such as digital asset blockchain are also the innovations needed by the financial industry.
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CIECOIN transaction app is a new blockchain asset transaction service platform. We have been established in Australia and rapidly expanded our business to Canada, Hong Kong, Dubai, Singapore and other countries. The business scope exceeds millions of users and institutions in more than 100 countries. CIECOIN has obtained the MSB compliance operation license issued by the United States and Canada. We will accelerate the strategic planning of global development, Our team has rich experience in blockchain ecosystem and cryptocurrency trading system. We have built world-class decentralized security system and DDoS defense system. Our platform principle is simple and safe. We insist on providing customers with a safe, efficient, fair and transparent trading environment. In particular, we promise that we will never freeze customers' assets on the platform.
After long-term research on the market by the founding team of CIECOIN, we believe that the current model of digital currency trading platform has great room for improvement. Based on this, we have developed the latest generation of exchange, which we call Exchange 3.0. This is the only way for the long-term development of the trading platform market. Its core point is: the combination of OTC and OTC trading; Community currency combination; Timely information and perfect user tracking system; Exchange 3.0 mode mainly solves the following problems:
Users can choose OTC trading partners independently, and the traffic does not depend on the platform.
Users can privately reach an agreement price and conduct private transactions on the platform.
All currencies can be traded on the OTC market to improve the efficiency and freedom of OTC trading.
The excellence of the project is determined by the user. The project can be rated by itself from the community activity, user evaluation, latest information and code update progress of the project, so that users can quickly identify the advantages and disadvantages of the project.
Capable users can freely attract their fans on the platform, create their own circle, reflect the value of users' knowledge, and also greatly facilitate other users to follow, to avoid users being cheated.
In the future, CIECOIN Exchange will be committed to the global compliance operation of multiple regions and countries, and explore more high-quality digital assets for global users. We will strive to promote the economic upgrading of the blockchain industry, build an innovative blockchain financial system, and reshape the value distribution.
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exactlydarkstudent · 1 year
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BitVenus is an advanced cryptocurrency exchange that offers various trading options, including spot trading, futures trading, and over-the-counter trading. We are committed to putting our customers first and growing together with our partners to provide secure and user-friendly digital currency trading services to users worldwide.
Our core team members come from top financial and technology companies such as Wall Street, Silicon Valley, Citibank, and Google, and have over ten years of experience in the blockchain industry. We have team members located all around the world, including Singapore, Taiwan, and Dubai, and have obtained financial licenses from regulatory bodies such as the US MSB, Canadian MSB, and Australian AUSTRAC.
At BitVenus, we prioritize the security of our customers' funds and aim to help users manage their assets in a safer, more convenient, and faster way. This product is primarily designed for users with assets exceeding 200,000 USDT on BitVenus. For eligible users, we provide a dedicated on-chain wallet for querying and depositing and withdrawing funds, enabling users to trade on a centralized platform while enjoying decentralized asset management. This way, even in extreme circumstances where the exchange is under attack, the user's assets in the dedicated wallet will not be affected.
As a customer-centric platform, we are dedicated to providing an excellent user experience. Our trading interface is intuitive and user-friendly, allowing users of all experience levels to easily trade and manage their accounts.
At BitVenus, we value our partnerships and strive to establish mutually beneficial relationships with our partners. We offer a transparent and fair partner program that enables our partners to benefit from helping us expand our platform.
In summary, BitVenus is a reliable and trustworthy cryptocurrency exchange that offers a wide range of trading options, secure and reliable fund management, and high-quality customer service. Join us now and experience the best choice for cryptocurrency trading!
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Contact Person: Crystal Hayes
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