Cryptocurrency Exchange Development Company In UAE


Posted On Nov 7, 2019 07:36 PM

Sellbitbuy - As the Leading Cryptocurrency Exchange Development Company offers complete Cryptocurrency exchange related services such as Cryptocurrency Wallet Development, p2p exchange development, decentralized exchange development, centralized exchange development, etc.

Let this article will explain about fantastic cryptocurrency country united Arab emirates.

 The backbone of UAE Country

The UAE Government Started Realizing that Blockchain is going to be Backbone to improve the productivity and efficiency in all industries. 

UAE main aim is to handle the At-least 50% of federal government transactions in a secured platform through blockchain.

In October 2016 UAE has announced Blockchain Strategies, it wants Blockchain Related Technology for Smart Dubai by 2020.

The strategies are

1.Government Efficiency.
2.Industry creation.
3.International leadership.

Cryptocurrency Regulations and Legislation in UAE

Financial Services Regulatory Authority

FSRA is responsible for blockchain and cryptocurrency-related project regulation and Guidance
It aims to prevent money laundering and illegal activities in the blockchain business.

Securities and Commodities Authority

This Authority is to keep track of the crypto markets place whether the price will goes up or falls, or watch the newly started blockchain, cryptocurrency investment business. 

It is independent financially as well as Administratively.

Dubai Financial Services Authority

DFSA guides only in the special economic zone like all banking institutions, investment, fund management, asset management, etc.

Dubai Multi Commodities Centre 

They are authorized for providing licenses for cryptocurrency business. Getting a crypto license is an indispensable thing to make business legal in UAE.

Cryptocurrency Trends in UAE

1. Regal Assets is the first Crypto company licensed by Dubai Multi Commodities Center and it facilitates cryptocurrency storage for users.

2. All kinds of Crypto assets are not allowed in the UAE. Due to factors such as security, traceability, market Capitalization and allows some of the assets.

3. Dubai has developed its own cryptocurrency in October 2017 and named it as EMCASH, it accepted as a one of the payment systems in government services and educational institutions.

4. Next to EMCASH it has , launched another,  Cryptocurrency in December 2017 and uses it for cross -border transactions with Saudi Arabia.

5. Dubai has played a distinguished role in Global Blockchain creation.It has started the council called as Global Blockchain Council.

6.UAE announced that they are planning to acknowledge digital tokens and regular framework to manage crypto-assets and ICO

7.UAE has announced in 2018, that they are going to close spam Cryptocurrency account holders and cryptocurrency exchange platform in order 

Cryptocurrency Taxation in UAE

UAE does not claim tax for cryptocurrency projects. 

In the year 2018, UAE announced the value-added tax in the 5% rate but in general, there is no taxation for cryptocurrencies.

Famous Crypto Exchanges in UAE

There are a lot of crypto Exchanges in UAE, BitOsis, Bitpado,Emcredit, Palmex, Adab solutions, OneGram, Arabian Chain, and Block Gemini

Our Cryptocurrency Exchange Services in UAE are:

Peer to Peer Exchange Development
Cryptocurrency Wallet Development
Cryptocurrency exchange development 
Centralized exchange development
Decentralized exchange development 
Hybrid exchange development 

If you also want to build a cryptocurrency exchange platform in UAE

Book A Free Consultation now !!!

Comments

About Us

Sellbitbuy is the Top-Notch Bitcoin & Cryptocurrency Exchange Development Company having 5+ years of industry experience. We provide business ready Bitcoin exchange clone scripts like localbitcoins, Remitano, Paxful and much more which enable you to create your own P2P Exchange Trading Website instantly.

Follow us on
Contact Us