Los Angeles, CA, Aug. 05, 2022 (GLOBE NEWSWIRE) — DhabiCoin (DBC) has just been approved after a long process to obtain the DMCC license, the Dubai Commodity Free Zone, elected seven times in a row by the Financial Times fDI Magazine as “Global Free Zone of the Year”. At the end of 2021, the date of the last official DMCC UNLOCK report, the number of crypto entities registered with the DMCC was 151 companies, including blockchains like Huobi (2018) and Binance (2022) and cryptos like Ethereum and BNB.
The Dubai Free Zone now has over 20,000 commodity companies and is celebrating a new record for the first half of 2022: The DMCC – the world’s first free zone and Dubai’s government authority on trading companies and raw materials – recorded its best performance ever in the market. In the first half of the year, it recorded 1,469 new businesses in the first six months of 2022. This represents an increase of 19% compared to the same period last year. In June alone, the DMCC welcomed 323 new businesses to its free trade zone and commercial district, the best monthly performance since its inception. After a record-breaking 2021, in which the DMCC attracted 2,485 new members, the DMCC now has over 21,000 businesses.
The Dubai Free Zone Multi Commodities Center (DMCC) is a place to consider for cryptocurrency work in the UAE. The DMCC encryption license ensures the legality of business operations. Regal Assets was the first company to receive this license, offering its customers cold storage of cryptocurrency. The regulation of cryptocurrency and blockchain projects in the UAE is carried out by the FSRA (Financial Services Regulatory Authority) on the ADGM (Abu Dhabi Global Market). This authority publishes advice on cryptocurrencies. It also monitors blockchain companies to ensure transparency and prevent money laundering and terrorist financing. The SCA (Securities and Commodities Authority) and DFSA (Dubai Financial Services Authority) are other authorities that may contribute to the regulation of cryptocurrencies in the UAE in the future.
DhabiCoin continues to grow and help revolutionize the world of cryptocurrencies.
To learn more about DBC, please visit.
DhabiCoin official website, Facebook, Twitter, YouTube, Reddit and Telegram.
DBC is available on BigOne, LBank Latoken, Pancake Swap, Hotbit and CoinPayments. Visit the DBC on CoinMarketCap and CoinGecko.
