{"id":343150,"date":"2021-09-23T13:05:40","date_gmt":"2021-09-23T10:05:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uae-regulators-approve-crypto-trading-in-dubai-free-zone\/"},"modified":"2021-09-23T13:05:40","modified_gmt":"2021-09-23T10:05:40","slug":"uae-regulators-approve-crypto-trading-in-dubai-free-zone","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uae-regulators-approve-crypto-trading-in-dubai-free-zone\/","title":{"rendered":"# UAE regulators approve crypto trading in Dubai free zone"},"content":{"rendered":"<p>&#8220;<strong># UAE regulators <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove crypto trading in Dubai free zone <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvYjI4YTNkZDktNjYyZi00NDMzLWIwMzYtYjhlNzA2YjUzYzg3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economic free zone in Dubai.<\/p>\n<p>The Dubai World Trade Centre Authority (DWTCA) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/details\/1395302972706\">announced<\/a> Sept. 22 that it signed an agreement with the UAE\u2019s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto assets within the DWTCA free zone.<\/p>\n<p>The new initiative establishes a framework enabling the DWTCA to issue necessary approvals and licenses for financial activities related to cryptocurrencies. As part of the agreement, the SCA will also supervise major crypto-related activities like issuance, listing, trading and licensing processes.<\/p>\n<p>According to the announcement, the agreement was signed by SCA\u2019s acting CEO Maryam Al Suwaidi, DWTCA director-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> Helal Saeed Al Marri as well as an executive at the Dubai Department of Tourism and Commerce Marketing.<\/p>\n<p>Al Suwaidi said that the new project comes in line with the DWTCA\u2019s commitment to expand its services as a free zone and support new technologies like nonfungible tokens. \u201cAs Dubai continues its drive towards an innovation and digital-led economy, DWTCA is looking to support businesses underpinned by blockchain and cryptographic technologies,\u201d he added.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Dubai to benefit from expanding crypto market, Bittrex Global CEO says<\/em><\/strong><\/p>\n<p>The DWTCA and the SCA did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to Cointelegraph\u2019s request for comment. The authorities previously entered a similar agreement to stimulate the crypto industry development in the Dubai Airport Free Zone Authority in May.<\/p>\n<p>The new agreement further reinforces the UAE\u2019s growing commitment to become a crypto-friendly global hub.<\/p>\n<p>In April, Minister of Economy Abdulla Bin Touq Al Marri declared that cryptocurrencies and asset tokenization will be key to the country\u2019s plans to double its economy in 10 years. The local stock exchange Nasdaq Dubai subsequently listed a public Bitcoin (BTC) fund by Canadian digital asset investment fund manager 3iQ in June.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uae-regulators-approve-crypto-trading-in-dubai-free-zone\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# UAE regulators approve crypto trading in Dubai free zone &#8221; Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economic free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) announced Sept. 22 that it signed an agreement with the UAE\u2019s Securities&#8230;<\/p>\n","protected":false},"author":1,"featured_media":343151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvYjI4YTNkZDktNjYyZi00NDMzLWIwMzYtYjhlNzA2YjUzYzg3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,77146,71644,71511,70934],"class_list":["post-343150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-uae","tag-dubai","tag-government","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=343150"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/343151"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=343150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=343150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=343150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}