Attracting Crypto Business!

[marydale]

Good news guys!
Dubai, the largest economic free zone in UAE has just issued license to a cryptocurrency firm!
follow the link: https://news.bitcoin.com/dubai-issues-license-to-cryptocurrency-firm/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

This will surely attract a lot of investors in the digital asset sector!

How about in other countries?

[ChickenDuck]

Most of the countries will try to ban the crypto, I believe.

But this for sure is a very good news.

Good news guys!
Dubai, the largest economic free zone in UAE has just issued license to a cryptocurrency firm!
follow the link: https://news.bitcoin.com/dubai-issues-license-to-cryptocurrency-firm/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

This will surely attract a lot of investors in the digital asset sector!

How about in other countries?

[Shrinath]

Cryptocurrencies like Bitcoin and Ethereum have taken off this year, attracting investment from all over the world and achieving mainstream adoption. Blockchain technology is attracting interest from many industries, with the surging price of Bitcoin and Ethereum’s first mainstream application CryptoKitties two recent standouts. According to the Belarus News Agency, the new ordinance gives “a serious competitive edge” to the country in the creation of a 21st-century digital economy. It provides friendly conditions and simplified regulations for resident companies of the Hi-Tech Park (HTP), a cluster for innovative IT. Belarus promotes the HTP as a special economic zone with a special tax and legal regime. In particular, Belarus wants to offer comprehensive regulations for business based on blockchain technology, as well as legalize cryptocurrencies, Initial Coin Offerings (ICOs) and smart contracts at the national level. The Digital Economy Development Ordinance is expected to come into force in March 2018, three months after its publication.

[ellabanana]

Wow! This is a great news. However, majority of the countries are still against cryptocurrency. But, with this development, other countries might also embraced the change seeing how it impacted the countries who legalized cryptocurrency. But, there will always be someone who will be against it, but for us who agree on adapting to cryptocurrency, let's be firm and believe on it.

[millgates]

Actually all countries have to make something like this instead of banning bitcoin. Bitcoin don't need to adapt to worlds, but the world must adapt to bitcoin. One more disruptive technology that will bring positive impact to the world just like internet and press/news paper. More decentralization for the world. Business enterprises can take a lot of benefits in bitcoin so may be there are many crypto business that will come.

[pooya87]

This will surely attract a lot of investors in the digital asset sector!

this is probably the main motivation for issuing this license. i don't know how good or bad the terms of that is but if they are good Dubai can turn into a place where many cryptocurrency businesses can move their headquarters there.
it is a world wide competition and the countries that move faster and become friendlier with cryptocurrencies will win and take the market.

[Bobby park]

This will motivate other countries to take cryptocurrency as part of their economy. Dubai is an industrial country and a developed one. Probably, if the news is real then it will become a factor that will affect the price of cryptocurrency.

[Harlot]

From what I know the tax exemption there in Dubai is limited and also has some rules and exceptions. But looking at the news I see that the cryptocurrency company won't have any problem as the country Dubai is one of the easiest ways to put up a business. Their type business is pretty diverse and I think it will be a success as they will be offering the services first in that country. And the services are:

offering brokerage services and an insured, high-security cold storage service for bitcoin, ether, bitcoin cash, ethereum classic, ripple, and dash.

These are one of the things a cryptocurrency trader and user are looking for the only thing they have left to do is of course attract customers to use their services which I think is a hard task to do as of the moment.

[kingkats0803]

This will surely attract a lot of investors in the digital asset sector!

this is probably the main motivation for issuing this license. i don't know how good or bad the terms of that is but if they are good Dubai can turn into a place where many cryptocurrency businesses can move their headquarters there.
it is a world wide competition and the countries that move faster and become friendlier with cryptocurrencies will win and take the market.

Yeps! we don't know for sure how good or bad.. but it is sure is the start of competition in the global arena as UK may also be fastracking this big market --->> https://news.bitcoin.com/seven-companies-form-uk-cryptocurrency-trade-body/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

[katixrecamara]

Cryptocurrency market will surely grow with this recent developments guys!
Am looking forward for other companies from other parts of the world to open businesses with this nature!
This will surely lead to stability and global acceptance of cryptos.

[raniadaling]

It always is a good news to hear/read something with this topic as opposed to other news that many countries have started banning the use of cryptos, and started closing bank accounts of assets with crypto sources!
I mean it's just way too disappointing that they are closing their minds and businesses for the wide array of benefits that cryptocurrency can offer, since crypto would play a huge role in the future of business and other industries!
So yes, news such as this one will surely have an impact and may influence decision makers on other countries!