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Wednesday

28 July 2021

Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency – Sponsored Bitcoin News

Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency – Sponsored Bitcoin News


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Back in 2020, at the Davos Summit, the DMCC (UAE Free Economic Zone) announced a strategic partnership withCV VC and CV Labs to launch Crypto Valley, the world’s largest ecosystem of cryptography, blockchain and distributed ledger in Dubai.

Recently, the official opening of Crypto Valley in Dubai took place and active work began, the Swiss companyTRES Group, the developer ofSIMBA Storage, received a сrypto assets trading license for making over-the-counter transactions with cryptocurrencies in order to develop the crypto industry in the United Arab Emirates.

The DMCC Crypto Centre, operated in partnership with CV Labs, achieves exactly that – a comprehensive ecosystem that fully supports all types and sizes of businesses operating in the crypto sector.

Two of our main aims for the Crypto Centre are to facilitate innovation within the blockchain and crypto space and drive global adoption of the technology.

With a range of industry leaders at the Crypto Centre, progressive regulations set out by the Dubai authorities, and the pre-existing supportive framework set out by DMCC, we expect that Dubai will be the place that every crypto firm looks to for growth opportunities.

Crypto assets trading license is a huge step in the development and formation of the blockchain technology industry, business development, the influx of technological projects and startups, as well as the money supply for the country.

“The DMCC Crypto Centre ecosystem is the latest crypto and blockchain sector focused business community in DMCC Free Zone Dubai.

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