Cryptocurrency Exchange Development Company In Dubai, UAE

Blockchainappsdeveloper - Leading Cryptocurrency Exchange Software Development Company in UAE provides complete Cryptocurrency exchange and Blockchain related services such as Blockchain Development, Dapp Development, Cryptocurrency Wallet Development, P2P Cryptocurrency Exchange Development, Smart Contract Development, DeFi Development. etc

We select the United Arab Emirates because of its higher level of economic growth. The United Arab Emirates is now known for its superstructure and amazing engineering skills, but soon investors & startups will identify Dubai for its excellence in cryptocurrency exchange and blockchain technology. There is no doubt about it.

Why United Arab Emirates?

The UAE government begin to realize and started encouraging the blockchain and cryptocurrency-related business. They have created a legal and regular framework in terms of bitcoin. UAE firmly supports blockchain technology and also uses it for storing all the government federal transactions.

We select the United Arab Emirates (UAE) because of its superior mass economic growth. UAE is now known for its SuperStructure and powerful engineering skills, but soon people will identify Dubai, UAE for its excellence in cryptocurrency and blockchain technology. There is no doubt that it will be another splendor for UAE.

Cryptocurrency Taxation in UAE

Currently, the UAE does not claim any tax for cryptocurrency exchange or trading business projects. Personal income tax is not in force in the United Arab Emirates (UAE), As of now, no other taxes are applicable for bitcoin & cryptocurrencies. In 2018, they have announced the value-added tax in the 5 percentage rate but in general, there is no taxation for bitcoin & cryptocurrencies.

Crypto licenses in UAE

As of today, there is no cryptocurrency-based law in the United Arab Emirates. “Rule of Cryptocurrency Activities in ADGM” by the FSRA is the perfect detailed guide of digital currencies or cryptocurrencies in this country. According to rules and regulations, the following requirements must be met by a company that performs actions with crypto assets: Only some crypto assets are allowed.

The decision about particular cryptocurrencies is made based on market capitalization, price volatility, traceability, security, and other key factors;

Financial Services Regulatory Authority (FSRA) is responsible for blockchain and cryptocurrency-related project regulation. This Authority works to prevent money laundering and illegal activities in the blockchain business. They have issued complete guidance on cryptocurrencies.

Dubai Multi Commodities Centre is the place to work with cryptocurrencies and they are responsible for providing crypto licenses. getting a crypto license is an indispensable thing to make your business legal in UAE.

KYC is required & Preventing fraudulent attacks and activities.

Risk management and disclosure activities

Keeping funds & information secured with such measures as 
“code version control, implementation of updates, third party testing, issue resolution and regular internal”.

Securities and Commodities Authority The primary motto of this Authority is to keep track of the markets. This Authority is independent financially as well as Administratively

Dubai Financial Services Authority (DFSA) works only in the exclusive economic zone. It looks after banking, investment, fund management, asset management, etc.

Cryptocurrency Exchange Development In Top 10 middle East Cities

Cryptocurrency Exchange Development In Dubai, United Arab Emirates

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Cryptocurrency Trends in UAE 

1. Regal Assets is the first company that gets a crypto license from the Dubai Multi Commodities Center and it provides a cryptocurrency storage facility for customers.

All Cryptocurrencies are not allowed in the United Arab Emirates. The UAE government has analyzed some key factors such as security, traceability, market Capitalization and permits some of the currencies.

The big ambition is to create use of blockchain technology in at least 50 percent of the federal government transactions and by the year of 2020, aims to develop Dubai fully covered by blockchain technology

4. Dubai developed its cryptocurrency in October 2017 year and named it as EMCASH which is accepted as a payment system in government services and educational institutions. Last December month, UAE has announced one more Cryptocurrency and uses it for cross border crypto transactions with Saudi Arabia.

5. Dubai has played role in Global Blockchain creation

6.UAE's finance minister recently announced that they are planning to acknowledge digital tokens and soon going to introduce the regular framework to manage crypto-assets and ICO

7. In the year 2018, UAE has announced that they are going to shut down spam Cryptocurrency account holders and cryptocurrency exchange platform in order to prevent money laundering and other illegal activities.

Launching an ICO in UAE

Holding an Initial Coin Offering (ICO) in UAE can be highly problematic for now. In UAE, there is no ICO oriented rule and regulation as such yet, but at the some ICOs can pass the FSRA review and be permitted.

If you want to launch an ICO in UAE, make sure you are providing security tokens, because the authority will not rule it. You can find an exclusive economic advisor to determine the primary purpose of your security tokens.

As startups and investors are not losing interest in crowdfunding based projects, UAE will eventually find a perfect way to regulate ICOs efficiently. As of now, the United Arab Emirates is generally cryptocurrency-friendly, a license for a blockchain project does not grant permission to launch an Initial Coin Offering (ICO).

Popular Cryptocurrency Exchanges in the United Arab Emirates

BitOasis is the Dubai based leading Cryptocurrency Exchange platform founded in the year of 2015. Cryptocurrency Wallet Development and Exchange is their topmost service and they are now focusing on the mobile-based services.

BitOasis encourages the government to create more rules regarding digital currencies or cryptocurrencies.

BitPado is one of the cryptocurrency exchange platforms and has a huge number of crypto traders. Bitpado supports major cryptocurrencies like Bitcoin, Etherum, Ripple, and more!

Emcredit is the Dubai government's economic department branch. they are the ones who created EMCASH - Emarat Cards which is the official cryptocurrency of the United Arab Emirates.

Palmex is the newest cryptocurrency trading platform for asset exchange. it also supports cryptocurrency exchanging.

Adab Solutions is the first Islamic cryptocurrency trading follows strict Islamic rules and laws in the month of August this year 

OneGram is the 1st physical gold reserves based crypto exchange and OneGram is aiming to develop cryptocurrency as the online payment method

ArabianChain is the largest Cryptocurrency firm suited in the middle-east and has increased over $1.5 million from crypto investors. Its main goal is to develop a Decentralized Exchange Business.

Block Gemini is the top Crypto based consulting service. They provide both software solutions as well as consulting services.

If you are planning to start a Cryptocurrency Exchange Development in UAE, we are ready to assist you!

Cryptocurrency Exchange Development Services in the United Arab Emirates

Our Cryptocurrency Exchange Development Services in UAE

We Blockchainappsdeveloper, the professional innovative team aims to implement new technologies in all services for our customer needs. 

Blockchain Development

Cryptocurrency Development

Cryptocurrency Exchange Development

Dapps Development

Defi Development Solutions & Services 

Peer to Peer Exchange Development

Cryptocurrency Wallet Development

Smart Contract Development

Token Development

If you are planning to start a Cryptocurrency Exchange Development in UAE, we are ready to assist you!

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