Singapore, Hong Kong and UAE lead in crypto adoption: Report
Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.
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Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.
Dubai's latest ruling marks a significant shift in the legal acceptance of cryptocurrencies, aligning the UAE with global trends in digital finance.
UAE lawyer Irina Heaver told Cointelegraph that the policy shift could signal a less favorable environment for crypto in the UAE.
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The survey reveals UAE retail investors prioritize crypto, stocks and personal growth among their 2025 goals.
DWF Labs is already a resident of Dubais Dubai Multi Commodities Centre. It wouldnt be the first crypto firm to have a presence in both emirates, however.
Bitpanda has secured in-principle approval from Dubais VARA, paving the way for its entry into UAEs growing crypto market and advancing its global expansion strategy.
Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse also expressed their sentiments over US regulation at the Dubai Fintech Summit.
BlackRock has secured a license in Abu Dhabi, focusing on AI and private markets while expanding its presence in the UAEs crypto-friendly ecosystem.
The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions.
The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.
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