DMCC Propels Crypto Center to Boost Blockchain Sectors
Dubai puts a huge leap forward in advocating the cryptocurrency and blockchain technology. Dubai’s flagship free zone Dubai Multi Commodities Centre (DMCC) has launched its crypto center for ushering the growth of businesses operating in cryptographic and blockchain technology.
Situated in the cutting-edge Almas tower, this crypto center is said to be the house of crypto and blockchain innovations. Cryptocurrencies which are becoming the hottest talk of the town are slowly worming into the global market of Dubai. DMCC has cooperatively fostered a strong, reformist, and steady administrative climate for crypto firms working in Dubai.
“Crypto and blockchain technologies have an enormous potential to transform global trade and supply chains. This aligns perfectly with DMCC’s vision to drive the future of trade and is one of the key drivers behind launching the DMCC Crypto Centre. With a progressive and supportive regulatory environment, a strong pool of industry talent, and an ecosystem that provides access to capital, resources, and opportunities to crypto firms, the DMCC Crypto Centre is perfectly placed to support crypto businesses and advance global trade,” said Ahmed bin Sulayem, executive chairman, and chief executive officer, DMCC.
He also added, “With initiatives such as the Dubai Blockchain Strategy, Dubai’s government is leading the adoption and application of blockchain technologies, creating a business-friendly environment for crypto firms.”
Last week, Dubai Airport Free zone Authority also signed an agreement with the UAE’s Security and Commodities Authority (SCA) to support the regulation, offering, issuance, listing, and trading of crypto assets within the free zone.
Exercises led inside the free zone that incorporates the trading of crypto resources will be managed by the SCA. Crypto firms will likewise profit from DMCC’s business administrative system, which builds the atmosphere for working together while maintaining strong administration and straightforwardness. Working intimately with DMCC’s onboarding groups, the SCA will give endorsements for crypto-related organizations hoping to set up in Dubai free zone.
DMCC which was established in 2002 is one of the fastest-growing UAE free zones. It is the world’s most interconnected free zone and a leading enterprise hub for global business markets. DMCC provides top-class infrastructure for setting up businesses and the benefits are umpteen for them to flourish. Dubai is considered as the global gateway for trade whereas DMCC is the best accomplice for the growth.
DMCC offers a fast, simple and hassle free process of setting up your business.
- 100% Foreign Business Ownership
- Personal and Corporate Tax Exempted
- 100% Capital Repatriation
- Strategic location and Best Network Connectivity
- Secure and Regulated Business Environment
- Leading free zone in Global Ranking
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