dubai How did the demand for cryptocurrencies in the UAE - dubai rise?

[Mella 3680]

I am have first idea about this, it is not as expanded and used but there are changes happening and everyone is talking about Bitcoin and Ethereum. These two with more crypto will become big investments and there are more plans for adoptions and the help of development of crypto projects and initiative.

[annayks 2314]

Dubai needs to become a center in the Arabic world to teach about cryptocurrencies and allow this to become that dominant money. We have seen many efforts met with disbelief but I think it will eventually be accepted and allowed.

[Rosarvx 965]

countries that are interested in blockchain technology and a lot of money in investments in the field of crypto, UAE faster than other countries

[kryptonick 2659]

I think that the Emirates are open for cryptocurrency adoption and have a huge financial center build lately where cryptocurrency projects have some offices. Maybe it will become better soon as I have heard that Ripple is looking to re base there. The Emirates is very rich country and developing fast. It has removed the economy from oil which was based on and has changed the shape of the middle east. It can be a force for stability and can help cryptocurrencies.

[mahmud93 231]

Dubai can lead many developed country if it start trade the crypto currency as to implement it to national accept coin and i wish other countries can also come in collaboration

[BrolySSJ 7899]

There are many countries that are recognizing the use and the benefits that are associated with crypto, and to be honest, if we look at the coins that are out there at the moment as well, there are a vast number of cryptos for countries to choose from. Dubai is definitely making a god decision by joining the crypto race, however they will not become the center of the crypto world as there are many other nations that have also joined the crypto world such as Singapore, Qatar and even China, if i am not mistaken. Therefore these economies are quite large and in my opinion will form a large portion of the economy in the cryptoworld. 

[bogdanoff 3173]

I think the demand for cryptocurrencies has risen everywhere. It is Dubai that is an economic epicenter for the middle east and has made lots of money from many years of oil exploitation that now made the Emiratese a center of wealth for the Middle East. So of course there will be demand for crypto too.

[Maaz sultan 265]

We know that these Arabic countries are well rich countries and when they come to these crypto market then the prices and value of crypto currencies will go high very well .

[yonkii 3205]

On 1/14/2020 at 9:27 AM, Qasem111 said:

The UAE is at the forefront of adopting cryptography. With coded transactions in excess of $ 210 million, the UAE ranked first in the world, surpassing the United States.

Cryptography is a science and is not adopted but researched and used. It is not a technology like cryptocurrencies, so probably instead of cryptography you meant cryptocurrencies.

I don't think though that $210 million in volume makes the UAE ranked first. Maybe 10th perhaps as exchanges are reporting bigger volumes in many countries including the US, Japan, Canada, South Korea, Singapore and the OTC markets in China and other countries are way higher.

[Abuhassan 89]

On 1/14/2020 at 10:32 AM, Migo said:

In the middle east there is some countries are already adopted bitcoin like UAE and Qatar, especially Qatar because they created a new atm for bitcoin and they preparing to use them in the near future, these area is good for cryptocurrencies to grow

Some countries has already take the lead in adopting crypto currency in the future if crypto currency prevail the countries who first adopt crypto currency at early stage supercede other countries who come later in deriving it benefit.

[duncun007 3577]

On 10/30/2020 at 10:42 AM, percare said:

Some middle east countries are very rich from oil and tourism and they have created some cities like Dubai that are wonderful and modern, of course the people that live in these cities have better understanding of money and there will be increased demand for cryptocurrencies. I am sure they are buying a lot of Bitcoin as an asset and a lot of gold too.

not just buying crypto assets, but i have read that even apartments can be bought by crypto as well and this is the adoption we need from countries with big economic value.

[khan22 3478]

UAE is going to be the main hub of the crypto market in future specially Dubai and all the world will just contact with Dubai offices and i hope that time the corona virus is completely finished in all over the world.

[Ndayebo8 0]

Those Arab countries are always confronting cryptocurrency with a good force, they will be the most country that ever used cryptocurrency in the world, they don't disrespect any technology that will bring benefits to them.

[wassim19 645]

The UAE and Dubai in particular are fans of the use of digital currencies and their circulation in various fields and the ease of use for people residing there, it is a wonderful and useful step for the field of cryptocurrency in general.

[zhoutong 2188]

In financial centers around the world it is inconceivable not to accept the most modern money available, so cryptocurrencies are promoted and used in Dubai. There will be soon many crypto companies opening offices there too and we will witness a new effort for adoption terms in the Middle East.

[Flying11Horse 45]

On 11/11/2020 at 4:13 PM, Maaz sultan said:

We know that these Arabic countries are well rich countries and when they come to these crypto market then the prices and value of crypto currencies will go high very well .

You are right my friend @Maaz sultan.Arab countries are very rich countries.If they found something popular then they themselves want to become number one in it.So as the cryptocurrency is very famous,they will invest huge amounts of money in it and it will result in increase of it's prices.

[Syedbesharat 5423]

The Dubai is becoming hub for western countries like India whose investors can visit freely and buy crypto from Dubai ATM machines. They have arranged many crypto events and giving full support for crypto currency. Their policies are changing and they are planning to launch own crypto currency project. The demand of crypto is also increases in U. A. E and peoples are buying crypto. 

[malik6314193 5449]

UAE is progressive country. And in economy view it is going good . Mostly new project starts from UAE. And in digital assets it is also going well. I think in near future it will release it's own digital currency.

[teebasas 3018]

I believe that cryptocurrency demand in the UAE is primed for rapid development, as I see a range of promising projects emerging from the region. As demonstrated by previous studies, the UAE appears to be at the forefront of cryptocurrency adoption. It has now grown into a force to be dealt with.

[Maria karam 667]

I think that this matter will positively affect the spread of cryptocurrencies in many countries and may constitute an incentive for some countries to accept dealing in cryptocurrencies in the near future.

[Alix188 585]

I do not think so, but the UAE may launch some new projects in the world of cryptocurrencies and I think that these projects will be successful because the UAE has a very strong economy

[Usama1122 249]

Crypto currency is a great Revolution in the world of currencies.it is a great technology and as the future belongs to technology so every one is interested in it. UAE also show alot interest in it to improve their economy.

[Ysha5 763]

The demand for these currencies increased by many countries that refused to enter these currencies in their countries, but after the great demand for them, they began to spread very much and the demand for them increased.

[chris smith 950]

Dubai is a great city and it has a great shops and malls and many companies so the governement in the Uae saw that it is very important to make the city a market for the crypto currencies too.

[Dadouasaad123 902]

The United Arab Emirates has always been proactive in supporting new projects, it is not new, yes I think it will be the center of cryptocurrencies in the world, it has the largest industrial and commercial companies in the world, if the cryptocurrencies are invested by them, it will definitely be the center.