Gemini plans expansion in the United Arab Emirates in the middle of uncertainty in the USA, Crypto.com receives MPI license in Singapore

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Die von Winklevoss geführte Krypto-Börse Gemini gab bekannt, dass sie mit dem Erwerb einer Krypto-Lizenz begonnen hat, um Kunden mit Sitz in den Vereinigten Arabischen Emiraten (VAE) zu bedienen. Im Rahmen seiner globalen Expansionspläne gab Gemini bekannt, dass es mit Interessenvertretern in der gesamten Region zusammenarbeitet, um mehr über lokale regulatorische Anforderungen und die Bedürfnisse von Krypto-Investoren in den VAE zu erfahren. In anderen börsenbezogenen Nachrichten gab Crypto.com an, dass es von der Monetary Authority of Singapore (MAS) eine Lizenz eines großen Zahlungsinstituts für Digital Payment Token (DPT)-Dienste erworben habe. Gemini verstärkt seine Präsenz in den VAE Der Blogbeitrag der …
The Gemini crypto exchange guided by Winklevoss announced that she started acquiring a crypto license to use customers based in the United Arab Emirates (VAE). As part of his global expansion plans, Gemini announced that it works with interests in the entire region to learn more about local regulatory requirements and the needs of crypto investors in the VAE. In other stock market-related messages, Crypto.com stated that the Monetary Authority of Singapore (MAS) acquired a license from a large payment institute for Digital Payment token (DPT) services. Gemini strengthens his presence in the VAE The blog post of ... (Symbolbild/KNAT)

The Gemini crypto exchange led by Winklevoss announced that she started acquiring a crypto license to serve customers based in the United Arab Emirates (VAE).

As part of his global expansion plans, Gemini announced that it works with interests in the entire region to learn more about local regulatory requirements and the needs of crypto investors in the VAE.

In other exchange-related messages, Crypto.com stated that it had acquired a license from a large payment institute for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).

gemini strengthens its presence in the VAE

The blog post of the crypto exchange quoted its Global State of Crypto Report 2022, which found that over 35 % of the respondents had bought in the VAE crypto, compared to only 20 % of those in the USA.

Almost 32 % of non -owners in the VAE stated that they would probably buy digital assets next year. In the meantime, 33 % of crypton users in the United Arab Emirates work personal purchases with their tokens at inpatient retailers, compared to only 19 % of the owners worldwide.

"Our application is our first step to offer customers in the United Arab Emirates and also a safe and user -friendly platform for dealing with crypto. Astonishing awaits you."

During their visit in the United Arab Emirates, the co -founders spoke with the local media Zawya and once again expressed their frustration about the regulatory climate in the USA. Cameron Winklevoss dealt with the lack of clarity and consistency in the United States regarding the regulations for digital assets and added:

"It is actually very hostile to crypto companies. It will not be possible to continue building and drive innovations. There is a lot of headwind. It is simply difficult to do things in the USA."

crypto exchanges strive for global expansion

In the past few months, Gemini has announced plans to set up a new engineering center in Gurgaon, India. Last month, the company also started a platform for non-American derivatives in view of the regulatory headwind in its own country. Several other crypto exchanges, including the coin base based in San Francisco, have expanded their user base elsewhere in response to the increasing approach of the US regulatory authorities.

The cryptocurrency exchange crypto.com based in Singapore was given a Major Payment Institution (MPI) license for digital payment tokens (DPT) services by the Monetary Authority of Singapore (MAS). The license entitles Crypto.com to offer its DPT services to customers in the city state.

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