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The activities of the cryptocurrency exchange KuCoin have been banned in Dubai๐จ๐ฐ
The Dubai Virtual Assets Regulatory Authority (VARA) has mandated the cryptocurrency exchange KuCoin, as well as its affiliates, to cease providing services in the country. The platform does not have a license, according to the authority's statement.
Who has been banned:
The following counterparties have been banned: Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU Gmbh. All of them operate under the KuCoin brand, as stated by VARA.
Who has been banned:
The following counterparties have been banned: Phoenixfin Pte Ltd, MEK Global Limited, Peken Global Limited, and Kucoin Exchange EU Gmbh. All of them operate under the KuCoin brand, as stated by VARA.
๐ฆ๐ช UAE holds 6,300 BTC worth $700 million.
According to Arkham Intelligence, the United Arab Emirates has accumulated around 6,300 BTC. Most of the coins were mined by Citadel Mining, which is owned by the International Holding Company (IHC) of the UAE government.
๐น It was previously assumed that the country controlled 420,000 BTC, but new research has debunked these rumors.
๐น Since its launch in 2022, Citadel Mining has already mined 9,300 BTC.
๐น In terms of Bitcoin reserves, the UAE ranks 6th in the world, between Bhutan (11,286 BTC) and El Salvador (6,246 BTC).
๐ Leaders among countries:
1. USA โ 198,012 BTC
2. China โ 194,000 BTC
3. United Kingdom โ 61,245 BTC
The UAE is betting on a long-term mining strategy rather than asset confiscation like most other states. Subscription+๐
#OAE #arkham $BTC
According to Arkham Intelligence, the United Arab Emirates has accumulated around 6,300 BTC. Most of the coins were mined by Citadel Mining, which is owned by the International Holding Company (IHC) of the UAE government.
๐น It was previously assumed that the country controlled 420,000 BTC, but new research has debunked these rumors.
๐น Since its launch in 2022, Citadel Mining has already mined 9,300 BTC.
๐น In terms of Bitcoin reserves, the UAE ranks 6th in the world, between Bhutan (11,286 BTC) and El Salvador (6,246 BTC).
๐ Leaders among countries:
1. USA โ 198,012 BTC
2. China โ 194,000 BTC
3. United Kingdom โ 61,245 BTC
The UAE is betting on a long-term mining strategy rather than asset confiscation like most other states. Subscription+๐
#OAE #arkham $BTC
๐ฆ๐ช Dubai-based technology company Arabian Chain Technology announced the construction of the world's first Bitcoin tower.
The facility will become a center for research and development of blockchain technology, as well as a venue for conferences, meetings and educational seminars.
#ะฝะพะฒะพััะธ #ะดัะฑะฐะน #oae
โ WEB 3.0 News
The facility will become a center for research and development of blockchain technology, as well as a venue for conferences, meetings and educational seminars.
#ะฝะพะฒะพััะธ #ะดัะฑะฐะน #oae
โ WEB 3.0 News
๐ In the UAE, it will become even easier to buy real estate with cryptocurrency.
RAK Properties, one of the largest real estate companies in Ras Al Khaimah (UAE), will start accepting cryptocurrency.
๐ค Purchases can be made using Bitcoin, Ethereum, USDT, and other coins.
Cryptocurrency transactions will be processed by the payment platform Hubpay.
#OAE #Hubpay $BTC $ETH $USDT
RAK Properties, one of the largest real estate companies in Ras Al Khaimah (UAE), will start accepting cryptocurrency.
๐ค Purchases can be made using Bitcoin, Ethereum, USDT, and other coins.
Cryptocurrency transactions will be processed by the payment platform Hubpay.
#OAE #Hubpay $BTC $ETH $USDT
๐ฆ๐ช Another Crypto Step for the UAE
Now tourists will be able to purchase airline tickets in the UAE using cryptocurrency.
The feature will be available at Emirates Airlines, Air Arabia, and Travala.
$BTC $ETH $SOL
Now tourists will be able to purchase airline tickets in the UAE using cryptocurrency.
The feature will be available at Emirates Airlines, Air Arabia, and Travala.
$BTC $ETH $SOL
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