Crypto Bulls cryptocurrency trading platform enters the Middle East through the UAE gate
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Answer Crypto Bulls cryptocurrency trading platform enters the Middle East through the UAE gate
The first officially registered platform was launched in Dubai, United Arab Emirates, after a joint venture between Al Zarooni Group and Crypto Bulls platform.
The two organizations will collaborate with Gulf Coin Gold (GCG) on the project, which is expected to witness growth in the crypto and blockchain industries across the UAE in the coming years.
“This step will be a milestone in obtaining global investment opportunities from around the world in the United Arab Emirates (Dubai), where all technology companies and investors are looking forward to the crypto and blockchain industry,” said Suhail Al Zaroon, President of the Al Zarooni Foundation.
Crypto Bulls has traded more than 200,000 in the past six months as interest in crypto has grown across the country, according to Shasha Gupta founder. The traditional fiat currency pairs, the Dirham (the currency of the United Arab Emirates), will now be offered.Read:Italian club Juventus signs agreement with a blockchain-based gaming platform
Gupta added, “With this unique support from the UAE government, Crypto Bulls will be able to attract a huge number of foreign investments in crypto from Asia and the Middle East.”
As part of the blockchain strategy, the UAE aims to drive the number of government transactions conducted using the blockchain to 50% by 2021. In order to achieve this, it wants to regulate the use of “crypto assets” legitimately and properly.Read:Oman concludes first trade deal based on blockchain technology
Last month, it was confirmed that the country will introduce a full regulatory framework for ICO projects by 2019, with Obaid Saif Al Zaabi, CEO of the Securities and Commodities Authority of the United Arab Emirates, who designated ICOs as “securities” under The new rules.
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