#dubai crypto license cost

[dubiz]

How to Get Cryptocurrency License in Dubai, UAE

As the world shifts to digital solutions, the finance sector has undergone significant revolutions, one being the rise of digital currencies. The cryptocurrency industry is gaining popularity worldwide. This trend is also evident in the advanced landscape of the UAE. In fact, revenue in the UAE’s crypto sector is projected to grow by 7.89% annually, reaching $395.8 million by 2028. Factors such as high internet penetration, a tech-savvy population, and the government’s commitment to digitization make Dubai an ideal location for setting up a crypto business. Therefore, obtaining a crypto license in Dubai has become highly sought after for many foreign entrepreneurs.

However, to navigate the industry smoothly, it is essential to have a fundamental understanding of the crypto business setup in Dubai, including its regulations, licenses, processes, requirements, and the intricacies involved. This comprehensive guide by DUBIZ will guide you through it all. Without further delay, let us begin by first understanding what cryptocurrency means.

[theprivatewolf]

Cryptocurrency License via Dubai Multi Commodities Centre (DMCC)

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

[consulting24m]

Securing a Crypto Exchange License in Switzerland: Process and Expertise from Consulting24

Switzerland, with its favorable regulatory environment and reputation as a global financial hub, offers significant opportunities for crypto exchange businesses. Obtaining a crypto exchange license in Switzerland is a detailed process, which involves meeting specific regulatory and financial requirements. Consulting24, a firm with vast experience in obtaining over 500 licenses in various jurisdictions including Estonia and Lithuania, provides essential guidance and expertise in navigating this complex process.

Consulting24: Facilitating the Swiss Licensing Journey

Consulting24's expertise in global financial regulations and licensing processes makes them an invaluable partner for businesses seeking to establish a crypto exchange in Switzerland. Their knowledge and experience streamline the licensing process, ensuring compliance with Swiss regulatory standards.

The Swiss Regulatory Framework for Crypto Exchanges

In Switzerland, the Swiss Financial Market Supervisory Authority (FINMA) oversees the operation of crypto exchanges. The regulatory framework is designed to ensure a secure, transparent, and stable environment for digital asset trading.

Process for Obtaining a Crypto Exchange License

The journey to securing a crypto exchange license in Switzerland typically involves the following steps:

Registration and Compliance: Registration with FINMA and establishing compliance with Swiss financial regulations.

Operational Readiness: Setting up the necessary infrastructure and operational processes, including banking arrangements.

Meeting Financial Requirements: Ensuring adherence to the required financial thresholds.

This process generally takes around 3-4 months to complete, from initial registration to achieving operational readiness.

Financial Requirements and Considerations

Share Capital: The minimum share capital requirements for setting up a crypto exchange in Switzerland vary based on the business structure. For Limited Liability Companies (LLCs), the requirement usually starts at CHF 20,000, while for Corporations (LTDs), it typically begins at CHF 100,000.

State Fees: There is also a state fee associated with the licensing process, which varies depending on the specific license type and business model complexity.

Role of Consulting24 in Obtaining a License

Financial Planning and Strategy: Consulting24 assists in planning for the share capital requirements and managing state fees.

Guidance Through the Registration Process: They provide expertise in preparing and submitting the necessary documentation to FINMA.

Operational Setup Support: Consulting24 aids in establishing the required operational aspects, ensuring readiness for launching the crypto exchange.

Regulatory Compliance: Their experience is crucial in ensuring adherence to Swiss financial regulations, facilitating a smooth path to license acquisition.

Benefits of a Swiss Crypto Exchange License

Access to a Premier Financial Market: Switzerland's reputation in finance and crypto regulation offers a strategic advantage.

Credibility and Trust: Compliance with Swiss regulations enhances the exchange's trustworthiness among users and investors.

Foundation for Growth: A Swiss license paves the way for sustainable growth and expansion in the crypto industry.

Conclusion

Securing a crypto exchange license in Switzerland, with the assistance of Consulting24, represents a strategic endeavor for businesses looking to tap into the potential of the Swiss crypto market. Their guidance in navigating the financial and regulatory landscape ensures a well-prepared and compliant entry into one of the world's leading financial ecosystems.

Read more at: https://www.consulting24.co/crypto-license-switzerland

[dubai-savvysetup]

Navigating the Financial Landscape: Accounting Firms and Tax Return Filing in the UAE

The United Arab Emirates (UAE) boasts a flourishing business environment, attracting entrepreneurs and investors worldwide. However, navigating the intricacies of financial regulations and tax requirements can be daunting. This is where accounting firms in Dubai and across the UAE play a vital role.

Accounting Firms: Your One-Stop Financial Partner in the UAE

Crypto Accounting Services in Dubai offer a comprehensive range of financial services tailored to businesses and individuals. These services encompass: •    Bookkeeping and accounting: Maintaining meticulous financial records is fundamental for any business. Accounting firms can streamline this process, freeing up your valuable time to focus on running your business. •    Tax and return filing in UAE: The UAE's tax framework can be complex. Accounting firms ensure your tax returns are filed accurately and on time, safeguarding you from penalties and potential legal issues. •    Financial consulting:  Accounting firms provide invaluable guidance on financial planning, budgeting, and investment strategies, ensuring your finances are on track to achieve your long-term goals. •    Business setup and advisory: If you're embarking on a new business venture in the UAE, accounting firms can provide assistance with company formation, licensing, and navigating complex regulatory requirements. The Advantages of Partnering with an Accounting Firm The benefits of partnering with a Crypto Accounting Services in Dubai or the UAE are numerous: •    Expertise at your fingertips: Accounting firms possess in-depth knowledge of the latest tax laws and regulations, ensuring your business remain compliant and avoid costly fines. •    Enhanced efficiency and time savings: They can efficiently manage time-consuming tasks like bookkeeping and tax and return filing in UAE, allowing you to prioritize core business activities that drive growth.

•    Cost-effective solutions: Outsourcing financial tasks to an accounting firm can be more cost-effective than hiring a full-time in-house accountant, especially for smaller businesses.

•    Peace of mind: Knowing that your finances are in the hands of qualified professionals fosters peace of mind, empowering you to focus on strategic business growth and achieving your entrepreneurial aspirations.

Finding the Perfect Accounting Firm for You.

With a multitude of Accounting Services in Dubai, selecting the most suitable partner is crucial. Here are some key factors to consider:

•    Experience and specialization: Seek a firm with a proven track record of delivering the specific services you require, particularly those tailored to your industry. •    Competitive fees and pricing structure:  Obtain quotes from several firms and carefully compare their fees and service packages before making a decision. •    Open communication and client service: Ensure you feel comfortable communicating openly and effectively with the firm, and that they possess a clear understanding of your financial needs and goals.

•    Reputation and online reviews: Research the firm's reputation online and delve into client reviews to gain insights into their service quality and client satisfaction.

Conclusion

By partnering with reputable Accounting Services in Dubai, you can ensure your business operates on a financially sound footing and adheres to tax regulations. This empowers you to concentrate on your core business activities, confidently pursue your financial objectives, and achieve long-term success with peace of mind.

[metamoonshots]

[ad_1] As Ripple Swell 2023 approaches, scheduled for November 8-9 in Dubai, the XRP neighborhood is abuzz with predictions and speculations. This annual occasion, a nexus for the brightest minds throughout crypto, blockchain, funds, and financial coverage, is predicted to be significantly important this yr, with a number of key bulletins on the horizon. Famend XRP neighborhood member Wrathof Kahneman ignited discussions along with his statement, “This yr’s SWELL could also be very important. Don’t know what is perhaps introduced, however there are prospects: IPO, VARA license, CBDC, stablecoin/tokenization, new customers(!) – after a yr of silence, we might acquire extra element if Ripple nonetheless considers itself primarily a cost firm.” IPO Announcement The potential IPO announcement stands out as probably the most anticipated revelation. The continuing authorized battle with the US Securities and Change Fee (SEC) has been a big roadblock to its public providing plans. However this has modified with the progress and newest victories for Ripple. Neighborhood member AgentSmith weighed in on this, stating, “Ripple can inform the SEC it doesn’t matter in the event that they’re in court docket or not after they submit for his or her IPO. The SEC simply has to ensure the paperwork is so as and so they don’t have to look at the underlying enterprise mannequin. Precedent: Coinbase IPO.” Kahneman responded, highlighting the diminishing significance of the SEC case, “Yeah, the case at this level is how a lot they owe, if something, not that they're persisting atm. It’s within the rearview mirror.” Many pundits have been speculating about an IPO in current weeks. Ripple has even posted an open place for a “Senior Shareholder Communications Supervisor,” suggesting that they're making ready for an IPO. VARA License Hypothesis can be rife concerning Ripple’s VARA (Digital Property Regulatory Authority) license utility within the UAE. The presence of Henson Orser, CEO of VARA, on the occasion, coupled with the corporate’s current strategic strikes, underscores the importance of this growth. A profitable acquisition of the VARA license might herald a swift and sturdy growth part for the corporate within the UAE. Ripple CEO Brad Garlinghouse’s statement from earlier this yr gives some context: “As I simply shared on stage at Dubai Fintech Summit, Ripple is increasing in Dubai. With 20% of our prospects based mostly in MENA and clear regulatory regimes being developed, it’s no shock that Dubai is rising as a key international monetary hub for crypto innovation to thrive.” CBDCs And Stablecoin/Tokenization The function of central financial institution digital currencies (CBDCs) and the broader realm of stablecoin and tokenization might be one other focus of the convention. Given the worldwide shift towards CBDCs and Ripple’s robust focus on this line of enterprise, Swell might present insights into Ripple’s place and potential collaborations on this evolving panorama. Ripple-SEC Settlement Luke Thomas, one other XRP neighborhood member, presents one other prediction, tying the occasion’s timing with the SEC case, “Fascinating that Swell Dubai is occurring between Nov eighth and ninth, with each the SEC and Ripple poised to debate the potential briefing schedule concerning the pending subject within the case on Nov ninth. My prediction is that Ripple can pay someplace between $300 to $500 million to the SEC and this case shall be settled with the announcement of the settlement occurring at Swell Dubai.” Influence on XRP Worth Whereas Ripple Swell isn’t a extensively marketed convention, its potential bulletins, particularly an IPO, might considerably affect the XRP value. Traditionally, the XRP value tends to maneuver up a bit in anticipation of the occasion. Some years greater than others. Thus, the XRP neighborhood shall be carefully monitoring the occasion. At press time, XRP traded at $0.5519. XRP value, 1-day chart | Supply: XRPUSD on TradingView.com

Featured picture from Shutterstock, chart from TradingView.com [ad_2]

[ailtrahq]

Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions.Bank ABC will at first use the U.S. dollar in transactions involving Bahrain, the United States, United Kingdom, Singapore and Hong Kong. The partners are planning more locations and transactions with the euro as well. Programmable payments are also in the works. The service has been launched after two years of experiments. Global head of Onyx Coin Systems Naveen Mallela said in a statement:“This enables cross-border commercial transactions to be executed between Bahrain and US corridors instantly, atomically and with certainty.”The new service was developed in close collaboration with the Central Bank of Bahrain (CBB). The CBB supervised a trial in January 2022 in which JPM Coin was used to settle payments between the national Aluminium Bahrain and its U.S. counterparties through Bank ABC. Bank ABC has the first partnership with JPMorgan’s blockchain service in the Middle East, according to the statement. Earlier this year, Onyx linked up with six Indian banks in a pilot project to offer USD settlement. It also partnered with the German Siemens conglomerate for settlement in euros. JPM Coin was launched in 2020. Bahrain’s ABC Bank goes live with Blockchain payments rail from JP Morgan After two years of trials! #payments #blockchain #Onyxblockhain #JPMorgan #payments #banking #bahrain #digitalpayments #GCC #MENA #abcbank @ABCBankGroup @CBB_News @jpmorgan pic.twitter.com/9LixnA3X1v— lara Abdul Malak laraontheBlock (@larissa74leb) September 26, 2023 Bahrain has been taking steps to modernize its financial system in recent years. Binance received a license in the kingdom in March 2022, beating Dubai as the first member of the Cooperation Council for the Arab States of the Gulf to license an international crypto exchange by a few days. Binance partnered with EazyPay to provide retail payment services in Bahrain, although it is not clear whether that service is still available. Source

[cryptocurrencylicensedubai]

Unveiling the Most Affordable Cryptocurrency License Provider in Dubai

Unveiling the Most Affordable Cryptocurrency License Provider in Dubai

In the dynamic landscape of cryptocurrency, obtaining a license is paramount for legality and credibility. QuickBiz emerges as the game-changer, offering the most cost-effective cryptocurrency license solutions in the vibrant city of Dubai.

Navigating the Cryptocurrency License Maze

Securing a cryptocurrency license can often be a labyrinthine process, riddled with complexities. But worry not, as QuickBiz takes the bull by the horns to simplify this journey for you.

The QuickBiz Advantage

QuickBiz stands as a beacon of reliability and affordability. Let's delve into why it's the prime choice for cryptocurrency enthusiasts:

1. Unmatched Affordability

QuickBiz is a trailblazer in slashing costs without compromising on quality. By choosing QuickBiz, you are opting for financial prudence without cutting corners.

2. Streamlined Processes

Bid farewell to the bureaucratic red tape. QuickBiz prides itself on its streamlined, efficient processes that get you up and running faster than you can say "cryptocurrency."

3. Expertise that Matters

Navigating the regulatory landscape requires expertise. QuickBiz boasts a team of seasoned professionals who understand the nuances, ensuring a license tailored to your needs.

4. Dubai: The Epicenter

Dubai's strategic position as a global financial hub cannot be overlooked. Choosing QuickBiz means tapping into Dubai's reputation while benefiting from QuickBiz's localized knowledge.

How QuickBiz Works Its Magic

So, how does QuickBiz manage to offer impeccable services at unbeatable prices? Here's the breakdown:

Thorough Assessment: QuickBiz initiates the process by comprehensively understanding your cryptocurrency venture, allowing them to recommend the most suitable license.

Tailored Guidance: Once your needs are clear, QuickBiz provides step-by-step guidance, ensuring you provide the necessary documents and meet the criteria.

Efficient Processing: QuickBiz takes the reins, ensuring your application is submitted accurately and swiftly to the regulatory authorities.

Timely Updates: Throughout the process, QuickBiz keeps you in the loop, providing updates and addressing any queries you might have.

Why Choose QuickBiz?

In a sea of options, QuickBiz stands tall as your ideal partner for cryptocurrency licensing. Here's why:

Cost-Efficiency: Your budget matters, and QuickBiz acknowledges that without compromising quality.

Transparency: QuickBiz believes in transparent communication, keeping you informed at every stage.

Results-Driven: QuickBiz doesn't rest until your cryptocurrency license is in hand. Their dedication ensures results.

Conclusion

In conclusion, if you're venturing into the cryptocurrency realm in Dubai, QuickBiz is your ticket to a seamless, affordable, and hassle-free licensing process. Let QuickBiz take the wheel while you focus on making your mark in the crypto sphere.

Remember, the right partner can make all the difference, and QuickBiz is that partner for you.

[crynotifier]

Oman Flags Off New Crypto Mining Facility With Expansion Plans As The Country Bets On Blockchain

Oman Flags Off New Crypto Mining Facility With Expansion Plans As The Country Bets On Blockchain

Source: Pexels

Oman has launched a new digital asset mining facility, the second flagged off within months as it seeks to diversify the economy away from oil exports. 

The Middle Eastern country has flagged off the faculty which cost about 135 million Omani rials approximately $150 million and would be operated by Exahertz, a local firm in collaboration with Woonwalk Systems, a Dubai headquartered entity.

The facility was built in the Salalah Free Zone, an economic zone that offers lower tax benefits to several corporate institutions to boost investment in the country. 

The mining center will run top hardware from Bitmain Technologies and will host 2000 machines operating on 11 megawatts of power.  Sam Ferdows, the CEO of Moonwalk Systems hailed the project and stressed the company’s commitment to improve the capacity of the center. 

According to him, the capacity of the mine would be increased to 15,000 equipment by October with expansion plans to more cities. For sustainability, in addition to the added investments, the company will train citizens through programs.

The Minister of Transport, Communications, and Information Technology (MTCIT) Engineer Said Hamoud who lead the inauguration of the project explained the significance of the project highlighting that its a “major milestone” in the country’s digital transformation.

“…a leading player in the data hosting and processing sector, and we are confident that they will be a valuable asset to Oman’s digital economy”.

Oman takes a major leap 

Oman is now seeking to become an infrastructure hub for blockchain-related companies as the country diversifies its oil-based economy. 

The latest mining facility is the country’s second in the space of nine months. In November 2022, Oman launched the first mining facility costing 150 million rials, approximately $389 million.

The country’s total investment in the sector now stands at $740 million which is expected to add to the regional efforts around web3. 

In recent months, Middle Eastern governments have begun deploying huge infrastructure around blockchain-related firms. 

In the United Arab Emirates, the Securities and Exchange Commission alongside the UAE Central Bank rolled out new directives to accept applications from web3-related firms.

The Virtual Asset Regulatory Authority (VARA) opens up the framework of the government’s licensing requirements, Full Market Products (FMP) regulations, company regulations, and other regulatory compliance directives.

The country continues to attract investors by offering registration incentives to companies in various sectors in web3 including exchanges, mining infrastructure, and metaverse firms. 

Oman also rolled out its consultation paper for digital assets and the blockchain ecosystem requiring registered firms to set up offices in the country in addition to other regulatory measures. 

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/oman-flags-off-new-crypto-mining-facility-with-expansion-plans-as-country-bets-blockchain-htm/

[prwizard]

DOTBNBCOIN is set to launch on Pancakeswap and other exchange platforms soon.

Cryptocurrency is ruling the world as of now and the number of people associated with and actively trading right now is quite high. As more people are getting acquainted with crypto assets, trading platforms are being flooded with new customers and trades in the form of bitcoin. While thousands of new Digital cryptocurrencies are introduced daily on these platforms, only a few guarantee the success rate of trade and huge returns. Among the estimated profitable bitcoins introduced recently, DOT BNB is the one people are rooting for.

DOT BNB was introduced on 2nd November 2022 and will soon be available on the Pancakeswap exchange and other platforms. A predicted rise in the value of the DOT BNB COIN after 4 years ranges up to 100 dollars, while the transaction fee remains quite low, this aspect of the bitcoin has highly tilted the interest of consumers towards DOT BNB. DOT BNB is working from OS3 which is a project with the purpose to reduce transaction costs. DBC is the symbol for DOT BNB under the network BEP20 and this is the WEB 3.0 version.

The company behind DOT BNB is based in Sharjah, Dubai. Dubai is considered a global cryptocurrency hotbed. Dubai has the potential to rise as a cryptocurrency capital in the future and is surely halfway through the process. Hundreds of crypto-related events and summits are hosted by the country every year and we surely know that Dubai is on the way to transforming into a cryptocurrency hub in the future.

The country focuses on highlighting the importance of blockchain, and that the digital ledger technology underlining cryptocurrencies could be used as more than just a speculative asset. People in Dubai are highly interested and involved in crypto currency transactions and are a big part of the sector.

As of now, the total supply of DOT BNB COIN is 100 million while a 10 million work stacking program has been initiated already. The company works with a highly professional community of users to derive the best of traditional banking, combining it with advanced BUSD technology. Backed by an efficient and skilled global system covering every necessary area providing the best data security, the company is constantly serving the standards of the industry.

The company is known for its high-security levels which protect the customer’s data and assets from any kind of inconvenience and is equipped with an easy interface so customers can manage their accounts with ease. The customer services just get better with a 24/7 support interface. DOT BNB is introduced by a licensed organization so the experience and safety aspects just get stronger and more effective.

You can have access to more information and inquiries panel through their website www.dotbnb.live

[bitcofun]

This week in crypto: Kevin O'Leary, aka Mr. Wonderful, argued that if a United States stablecoin costs passed, the booming market would reboot, Michael Saylor pitched bitcoin to American financier Ray Dalio, and John Mack recommended that crypto might end up being a part of the significantly digitized world of trading Bitcoin made numerous Guinness World Records titles, 77% of surveyed El Salvador residents stated the nation's bitcoin adoption technique has actually 'stopped working', a Bank of America study discovered that Americans aged in between 21 and 42 are 7.5 times more most likely to hold crypto, Brazil's 8th biggest city is set to enable locals to pay taxes in crypto from next year, and Fidelity chose to make it possible for ETH trading beginning October 28 South Korea might present digital IDs as banks promote blockchain motorist's licenses, and Walmart-backed Indian commerce giant Flipkart will permit consumers to purchase products in the metaverse As that was taking place, Moola Market was made use of for over $8.4 million, and North Korean hacker group Lazarus is targeting Japanese cryptoasset business Do Kwon stated that the collapse of Terra due to develop weak points was his obligation alone, Terra designers revealed an environment financing program worth $248 million, German neobank Nuri closed down, and Upbit stated it would compensate traders who lost cash throughout the power failure if they can show they were actually going to offer their coins throughout the blackout Jack Dorsey's Bluesky exposed a roadmap and a site for an open and decentralized "social procedure", a previous Celsius officer got worked with by JPMorgan as head of crypto, and Tesla still holds more than $200 m worth of digital properties, Then we discovered that Three Arrows Capital is under examination by the United States SEC and CFTC, FTX.US and Sam Bankman-Fried are being examined by the securities regulator in Texas, Celsius so far paid out more than $3m in legal charges and many of it to one company for 2 weeks of work, a New York guy is dealing with 25 years in jail after being founded guilty of cash laundering, and Ripple CEO Brad Garlinghouse revealed his "outrage" at the SEC over its suit versus Ripple. A European commissioner required United States political leaders to prepare brand-new guidelines to govern the crypto market, and IRS launched brand-new reporting standards for digital properties, while in South Korea, an audit discovered that a KBS executive news director got "crypto" from a head of a North Korea-linked body, district attorneys stated they would invest cash on crypto tracking tools, the cops took $1.3 million worth of crypto in criminal examinations up until now this year, and district attorneys and authorities stated Do Kwon left Singapore last month for Dubai Now let's have a look at today's jokes. __________ Good early morning, CT! __ Decentralization, bishes! __ Let's look at BTC, see how it's doing nowadays, or, weeks. Source: crypto_upp/ Instagram __ Bitcoin rate forecast: __ It's the self-confidence. __ Now, now, let's not make this individual. __ Lambo-seeking expectations vs compelling truth. Source: hardfork _/ Instagram __ An outcome of buy high, offer low. __ Source: coinexmemes/ Instagram __ Here's an absolutely not anxiety-raising video game while you wait on the bull. Source: coin.bureau/ Instagram __ What a warm welcome. Source: shitcoindotcom/ Instagram __ Them be some heavy bags ... __ Goddamd Mrk Zkrbrg, not lettin me hav metaversz! __ Not this year you will not. __' It was the worst of times, it was the worst of times ...' Source: paramountdax/ Instagram __ So, uuh, working out, is it? __ Yay high. __ To be reasonable, he stated bye, not purchase. __' If I stop paying my water costs, that's a lot more cash for crypto.' Source: rosie_folley_fx/ Instagram __ And here is an analysis of scamming and hacking events throughout a market slump. Read More

[dubiz]

Get Your Forex Trading License In Dubai

The foreign exchange market, or forex, is like a global marketplace where people trade different currencies. They can buy, sell, exchange, or bet on how the value of one currency compares to another.  According to IMARC Group, the global foreign exchange market size is expected to reach US$ 1,466 Billion by 2032, exhibiting a growth rate of 6.92% during 2024-2032. As one of the leading financial hubs in the Middle East, Dubai has become an attractive destination for investors and businesses seeking opportunities in various sectors, including foreign exchange trading. If you are wondering how to start forex trading in Dubai, you are at the right place!  

This blog will answer all your queries related to forex trading in Dubai, forex license in Dubai, its requirements and how to get one. 

[theprivatewolf]

Set up a Crypto Business in the Dubai International Financial Centre (DIFC)

In recent years, the world has witnessed a surge in interest and investment in the cryptocurrency space. As digital assets gain prominence, savvy entrepreneurs are exploring new avenues for establishing crypto businesses. One such attractive destination is the Dubai International Financial Centre (DIFC), a renowned financial hub in the heart of the United Arab Emirates. In this blog post, we’ll delve into the process of setting up a crypto business in the DIFC, exploring key aspects such as the Crypto Token Regime, license types, costs, and the myriad benefits of operating within this prestigious financial center.

1. Dubai International Financial Centre (DIFC): Crypto Token Regime

The DIFC has positioned itself at the forefront of embracing blockchain technology and cryptocurrencies through its comprehensive regulatory framework, known as the Crypto Token Regime. This regime provides a clear and structured approach for businesses operating in the crypto space, ensuring compliance with international standards while fostering innovation.

2. Trade in the UAE with a DIFC Crypto License

One of the significant advantages of obtaining a DIFC Crypto License is the ability to conduct crypto-related activities not just within the DIFC but also across the entire United Arab Emirates (UAE). This allows businesses to tap into the vast market opportunities presented by the thriving UAE economy.

3. DIFC Crypto License: Types & Categories of Activities

The DIFC offers various types of crypto licenses, each catering to specific categories of activities within the crypto space. Whether you’re involved in crypto trading, custody, or token issuance, there’s a tailored license to meet your business needs.

4. DIFC Crypto License: What to Expect?

Navigating the licensing process is crucial for any aspiring crypto business owner. Understanding the requirements, documentation, and timelines involved will help streamline the application process and ensure a smooth journey towards obtaining the coveted DIFC Crypto License.

5. List of Virtual Asset Service Provider Activities Covered by the Crypto Token Regime:

The Crypto Token Regime encompasses a wide range of virtual asset service provider activities. From crypto exchanges and wallet providers to ICOs and crypto custodians, the regulatory framework is designed to address the diverse needs of the crypto industry.

6. Benefits of Acquiring a DIFC Crypto License

Why choose the DIFC for your crypto business? The benefits are manifold, including a supportive regulatory environment, access to a robust financial ecosystem, and the prestige associated with being part of a globally recognized financial center.

7. How Much Will a DIFC Crypto License Cost?

While the advantages are clear, it’s essential to consider the financial aspects. Understanding the costs associated with obtaining and maintaining a DIFC Crypto License is crucial for budgeting and financial planning.

8. Get Your DIFC Crypto License Today from Private Wolf

Navigating the complexities of obtaining a DIFC Crypto License may seem daunting, but with the right guidance, the process can be streamlined. Private Wolf, a trusted partner in the region, specializes in assisting businesses in securing their DIFC Crypto License. Their expertise and commitment to client success make them the ideal choice for entrepreneurs venturing into the dynamic world of cryptocurrency in the UAE.

In conclusion, setting up a crypto business in the DIFC presents a unique opportunity to thrive in a supportive and forward-thinking regulatory environment. With the right knowledge, guidance, and partners like Private Wolf, entrepreneurs can unlock the full potential of their crypto ventures in one of the world’s most exciting financial landscapes.

M.Hussnain

Private Wolf | facebook | Instagram | Twitter | Linkedin

[consulting24m]

Unlocking Regulatory Compliance: Cryptocurrency Consulting for Licenses

In today's fast-paced financial evolution, the role of cryptocurrency consulting services stands prominently. Powerhouses like Consulting24 lead the charge, offering tailored guidance to enterprises seeking to understand and maneuver through the intricate regulatory scenarios in countries such as Lithuania, Estonia, and Dubai

Compare:

Lithuania: A Digital Currency Beacon

Lithuania's regulatory highlights:

Cost-effective approach with a virtual office option.

An upfront requirement of only 25% (31,250€) of the share capital.

Estonia: The Blockchain Fortress

Estonia's cryptocurrency ecosystem presents a blend of challenges and opportunities.

Key prerequisites:

Physical office establishment.

Regular monthly and yearly audits.

Flexibility concerning the director's nationality.

Dubai: The Cryptocurrency Melting Pot

Licensing intricacies:

Diverse share capital stipulations.

Varied government fees for each license category.

The Road Ahead with Consulting24

CEO Mardo Soo's insight: "Lithuania remains a top choice due to its swift 1-2 months setup timeframe.”

By aligning with industry pioneers cryptocurrency consulting services like Consulting24, businesses can adeptly tackle regulatory hurdles, refine their licensing approach, and secure a robust foothold in the exhilarating world of digital currency.

ices are an essential component of the modern FinTech landscape. By leveraging the services of consultancies like Consulting24, businesses can navigate complex regulations, simplify their licensing processes, and secure a promising future in the dynamic world of digital currencies.

[cryptodailysun]

CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year. CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP).The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital, allowing investors to get 3% in staking rewards, CoinShares officially announced on Wednesday. The new cryptocurrency ETP is the first initiative between FTX and CoinShares.[1/5] We are excited to announce that we've partnered with @FTX_Official and our first initiative is to launch a physically staked Solana ETP with SOL1mn seed capital, Staking Rewards of 3.0% p.a, and a reduced management fee of 0.0% p.a. pic.twitter.com/dCq5H2CH1c— CoinShares ‍ (@CoinSharesCo) March 23, 2022 The product will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares in 2022. The firm previously launched the CoinShares Physical Staked Cardano ETP in early March after starting trading the CoinShares Physical Staked Tezos ETP and the CoinShares Physical Staked Polkadot ETP in January. Similarly to previously launched staked ETPs, the new CoinShares FTX Physical Staked Solana has a unique staking mechanism that allows issuers to share staking rewards with investors by reducing the management fee and increasing the coin entitlement of the ETP each day.“Staked coins do not move from the secure custodian where they are stored, and the ETPs remain 100% physically-backed at all times,” CoinShares noted in the announcement.FTX CEO Sam Bankman-Fried noted that the latest ETP launch follows the launch of FTC Access, a new tool that combines the expertise behind FTX and FTX US to provide global institutional clients with access to digital asset products, adding:“The goal of FTX Access is to bring institutional-grade services and products to market in a cost-effective manner. CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade.Related: SEC pushes decisions on WisdomTree’s and One River’s applications for spot Bitcoin ETFsThe news comes shortly after FTX officially announced the expansion in Europe in early March after receiving approval from the Cyprus Securities and Exchange Commission. One of the world’s fastest-growing cryptocurrency companies, FTX in mid-March also won a license in Dubai to open local headquarters and offer crypto derivatives products. Go to Source

[varaldmcc]

Top 5 Free zones in UAE for Setting up a Business

 If you are looking to set up your company in the UAE, then you must have come across ‘free zones’. Free zones are havens for entrepreneurs. Imagine reaping numerous profits such as exemption from taxes, repatriation of profits and capital, foreign ownership by merely selecting one of the free zones. Free zones were formed and developed especially to boost economic growth with tons of lucrative benefits. 

There are over 37 free zones in the UAE. Each free zone targets a specific domain of industries. For instance, go for Sharjah Media City company formation if you seek creative or media industry. We will talk about the big five in the world of free zones. 

1.  Sharjah Media City Free zone: 

The list of benefits is almost endless, so SHAMS makes it to the top of five free zones. The benefits of SHAMS company setup include a variety of business activities such as setting up Shams new business license , allowing a company to have limited liability, low-cost business formation, and a low-cost workforce. Today SHAMS, considered a world-class business zone, offers specialized facilities for the media and creative industries.

2.  Free Zone of Dubai Multi Commodity Center (DMCC):

The DMCC is the main trading hub for international commodities. It is also the fastest-growing free trade area in the world. Close to Dubai's entry and exit points, as well as the Expo2020 site, it is well connected to the region's most important commercial, residential, and tourist areas. It gives 6 activities under one license. This license not only covers industrial, service, or general trade but also crypto commodity trading. Plus, in this free zone you can get a dual license.

3.  Jebel Ali Free Zone (JAFZA):

JAFZA is a benchmark free zone for business setup in Dubai, UAE. It has gained ISO certification and allows for diverse business modules and progressive work procedures. Named the flagship free zone of DP World, JAFZA provides licenses for trade, service, industrial, and e-commerce business operations. Due to its strategic location near the Jebel Ali Sea Port, it’s the ideal free zone for import and export startup business setup in the UAE.

4. Ras al Khaimah (RAK) Free Trade Zone:

When it comes to affordability, the RAKFTZ is the best. It is attractive especially to entrepreneurs and investors because of its low incorporation fees and generous incentives for business partners. In addition, it also offers a hassle-free approach when it comes to starting an entity. Free trade areas currently have more than 50 industries and tens of thousands of international and multinational corporations representing hundreds of countries. 

5.  Ajman Free Zone:

The Ajman Free Zone is particularly advantageous as it is adjacent to the main harbor. We also welcome all types of business, from freelancers to commerce and the light industry. Unlike starting a business in other free zones, there are installment plans for starting a business in the Ajman free zone, which offers an advantage to up-and-coming entrepreneurs.

[vigordbs]

Set Up A Crypto currency Trading Business In Dubai (2021) Free Guide

Crypto currency Business

The growth and expansion of the global village have created online challenges for entrepreneurs who intend to set up their crypto currency or other businesses online.

People who were recently introduced to the online business may not understand the steps and rules that they have to complete in order to successfully establish their online businesses.

Dubai is a very feasible location for great business opportunities. Dubai also offers great connections with target customers to gain profit.

Before establishing an online business in Dubai there are some details you are mandated to know in order to avoid any unfavorable consequences.

How do I obtain a license for a cryptocurrency business in Dubai?

Starting any business without having a legally recognized Dubai business license may pose problems for the company and its activities. In Dubai, there are stringent rules regarding permit registration which are important and necessary to follow in order to work successfully as a Dubai resident.

The procedures pertaining to license approval can be puzzling to newly-arrived businessmen and entrepreneurs in Dubai.

How do I register my cryptocurrency business in Dubai?

After submitting your cryptocurrency business license Dubai requirements, the next step in establishing your online business is registering your company with a unique name, logo, company’s vision/mission statements, and interesting slogans that convey to the Dubai people your company’s goals.

The criteria for the registration are slightly complex hence you are advised to seek the guidance of experts. Proper guidance will help you meet all requirements, choose a unique name, logo, mission statements and slogan thereby ensuring that your online business is successfully registered.

Vigor business setup and company formation services has expert consultants that can help you successfully do this. Vigor also assists you with getting an online brand license issued by the Department of Economic Development (DED).

How do I pick/rent a site for my office?

Establishing a cryptocurrency trading business in Dubai is bound to be highly profitable however, to successfully run the company, having a viable location is an essential criterion to start up or expand your company’s branches in parts of Dubai and the UAE.

Before renting or leasing Dubai’s commercial properties, it is crucial to determine whether you want to operate in the onshore zone or within a free zone. If you intend to establish your online business in an onshore zone in Dubai, your company has to share ownership with a local partner. Alternatively, your company will retain full ownership if you are not a UAE national and is operating from a  Dubai free zones.

Understanding Arabic language

Establishing a cryptocurrency business in Dubai may get draining if there is a language barrier. Business deals and agreements may be affected leading to undesirable overheads and barriers as the paperwork are mostly done in the Arabic language.

To avoid this, you are advised to contact native language negotiators who can discuss with local landowners, handle all paperwork and send you the documents as quickly as possible.

Choosing a domain for cryptocurrency mining

Choosing your website’s address and developing a user-friendly site is the next step in establishing a cryptocurrency business online.

Here are some things to take note of when creating a domain for your brand:

Think originally and unconventionally.

The domain should be short and pronounceable

The domain address should be professional

Work with experts to boost up SEO-friendly and organic visits to your website

Creating a bank account

The following are some banks that are in operation in Dubai:

Union National Bank

Emirates Islamic Bank

Invest Bank

Emirates NBD

First Gulf Bank

United Arab Bank

Commercial Bank International UAE

HSBC Dubai

What are the advantages of the cryptocurrency business in Dubai?

Dubai is referred to as a viable location for business activities. This includes online business activities. The advantages of setting up a cryptocurrency business in Dubai:

The city of Dubai is known for its global connectivity.

The laws of Dubai are entrepreneur-friendly.

The cost of company formation is relatively pocket-friendly. The costs of your company registration and your trade license are designed based on your resources.

There is an array of profitable business locations to choose from.