Dubai Issues License to Cryptocurrency Firm

A very powerful free monetary zone throughout the UAE, with zero p.c non-public and firm earnings tax, has started issuing licenses to companies shopping for and promoting cryptocurrencies. The first license has been issued to a gold seller that has not too way back started offering cryptocurrency suppliers.

Moreover study: Japan Cracks Down on Abroad ICO Firm Working With out License

Attracting Crypto Firms

UAE’s Largest Free Economic Zone Issues License to Cryptocurrency FirmThe Dubai Multi Commodities Centre (DMCC) is a authorities entity established in 2002 to enhance commodity commerce flows by way of Dubai. DMCC Free Zone is an important and quickest rising free monetary zone throughout the UAE.

“We stock out a diffusion of roles which proceed to place Dubai as the favored trip spot for world commodities commerce and DMCC as a result of the world’s No.1 Free Zone,” offering zero p.c non-public and firm earnings tax, the center’s web page states. Within the current day, better than 14,100 multinational firms and startups identify DMCC dwelling,…

Learn full story