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The South Korean trading platform Bithumb will launch its licensed subsidiary in the UAE with the option of exchanging fiat money for cryptocurrency, according to CoinDesk. The initial step towards opening the branch was the signing of an agreement with the Arab company Nvelop for the purpose of cooperation. The principal objective of the company is the development of business based on blockchain technology in the Middle East and North African countries. Thus, Bithumb intends to extend its influence to Saudi Arabia and Bahrain, as well as many states of the Arab world. According to the regulatory documents, crypto exchanges should be audited and have to obtain an FSRA license, while the type and number of digital assets presented on the platform may be limited by the regulator.
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The Dubai Land Department is framing a new real estate blockchain as a way to build investor confidence and add conveniences for tenants. Featured in:. Dubai has announced new strategic partnerships as part of its quest to put all government documents on blockchains by Bahrain banknotes via Shutterstock. Connect your middlle account or card middle east cryptocurrency exchange buy and sell cryptocurrencies. Necessary Cookie You are accepting the Necessary Cookie if you select this box. Egypt is considering legislation that would let the central bank issue licenses for cryptocurrency-related activities. Dubai-based bitcoin startup BitOasis is expanding its presence outside the UAE with a new announcement. Founded inthe exchange plans on using the funds for continued infrastructure development and team additions.
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