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

[George10 9932]

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

 

Do you think Dubai will become the center of the cryptocurrency in the world?

Dubai can become the center of cryptocurrency in the world if it continues to adopt to this technology and take more further steps in legalizing it.

[Ayush Singh 1175]

Dubai is really a well developed countries and their economy is also very much strong which will make them more in favour of investing a huge in cryptography so in future we may see that Dubai is becoming a centre for Cryptocurrency. 

[jamesvince 2389]

Although now not much users of crypto currency market but with the passage of time crypto investors are increasing and after one or two years many new investors will take part into crypto market business like much invested money from Dubai in forex market. 

[Laboni 755]

Demand for this specialty has grown significantly as a result of recent corporate scandals. The demand for crypto in Dubai is much lower. People here are not able to work in crypto. However, the demand for crypto in the UAE is huge.

[Treat1234 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

[Cammer 4609]

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

Demand for cryptocurrencies and digital assets is set to accelerate rapidly in the near future in the Emirates

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.

Moreover, increased enthusiasm for cryptocurrency in the UAE prevailed at the “2019 Lendit Fintech USA” event, during which a comprehensive framework for fintech companies to join new markets was revealed by the Dubai International Financial Center (DIFC).

Do you think Dubai will become the center of the cryptocurrency in the world?

Well, as the UAE adopted Bitcoin, there will be more demands on this currency. 

As for your question, I think China will be the centre of the crypto currencies, not Dubai.

[Bohana 2143]

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

Do you think Dubai will become the center of the cryptocurrency in the world?

No, I don't think Dubai will be the future centre of cryptocurrencies in the world. There are bigger countries that have more interests in cryptocurrencies and Bitcoin. 

[Saj555 2250]

The middle east countries are actually showing their  interests to the cryptocurrencies. Because some of the coubtries like Qatar, UAE etc.  have already started to involve with cryptocurrencies. And they are trying to make projects also with it. Qatar have even sanctioned atm machines for bitcoins transactions. That means the Arab countries are actually  evolving with cryptocurrencies system. This is revolution to the crypto world.  

[Ms.o 3322]

It can be as dubai is one of the richest country which is good start for other uae country to follow the lead and fully adopt crypto and help their economy grow.

[Zaino34 0]

Dubai is one of the rich regions that contain a lot of riches, as well as there are a lot of rich and wealthy people who will go to use digital currencies and I think this is the reason for its encouragement in that region.

[Omar Ommeish 4872]

The United Arab Emirates and Dubai always occupy first place in new technologies, but I still think that they need more time to take first place in cryptocurrencies.

[magd 5231]

The UAE has allowed some ATMs and financial intermediaries to use Ripple legitimately and we find that it always supports modern technologies so perhaps in the coming periods there will be a new strategy for using encryption in Dubai and I expect Bitcoin ATMs to be placed in its streets

[Virgil dijk 1431]

This shows that cryptocurrencies is spreading rapidly, and Dubai is a developed country, and that country shows so much interest in cryptocurrencies, so I think Dubai could later be the center of cryptocurrencies.

[Mohssine 1725]

This great UAE is one of the first  countries how adopted fast in everything , and and now it adopted cryptocurrency this is great , i know also qatar do the same , and is good because we will see some other Arabic countries start also to adopted cryptocurrency.

[Jaysen0104 536]

If it continuously rise and the use of cryptocurrency in middle east is widely spread there's a chance that it can be the center of cryptocurrency in the world. We know that some countries that are ignoring the use of cryptocurrency in their place so the countries that our know starting to embrace the use of cryptocurrency is lucky than those who don't.

[Brand1 1336]

The UAE has become a very developed and developed country, and for this reason, it has accepted the cryptocurrency and blockchain technology with a large degree, as reliance on the cryptocurrencies by some companies and residents has started to be very large, in addition to starting to use blockchain technology in addition to their technology and taking a decision to build a city that depends entirely on Blockchain technology It is very likely that the UAE will become a hub for cryptocurrencies if it continues to do so

[TimopheyKa 3900]

I think that there will be a good demand for bitcoin and cryptocurrency in General in the UAE! Because this country is a very large investor, as well as an advance in the world economy. In other words, I am sure that this output will contribute to an active startup!

[Moaz 7239]

Dubai is one of the most important centers of the free global economy, and most of the international companies interested in technology are located in the UAE, and the UAE is one of the first countries that are interested in blockchain technology and there are millions of dollars in investments in the field of crypto and I think that in the future Dubai will become one of the most important  Cryptocurrency centers in the world

[iloveyobit 6599]

Generally, developed countries are very open to new technology, so the spread of blockchain technology in developed countries such as the UAE will be faster than other countries of course.

[Mwangi 5611]

Dubai is a cosmopolitan country or City for that and it has all about 25% locals only it has about 75% foreigners and this could be the reason why it is a largely used in here and its important for it has one of the best way to work in the transfer world we have people you cannot even imagine living there so we need to check them well and see what happens then

[Cryptomint 433]

It can be. Because most are the rich people have their own business in the UAE and this country can be the first country in the crypto currencies.

[percare 3192]

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.

[cryptovlek 2597]

I was expecting Dubai to have very high interest in cryptocurrencies since they have financial literacy and the Emirates are one of the richest countries in the world. You only need to see the buildings constructed in Dubai and the continued development to know that this is a financial hub in the world.

[Fixfin 2569]

Cryptocurrencies don't have a center or a base of operations. If Dubai sees this financial technology as an advantage and wants to use them it will do that. I think that there is interest everywhere and not just one city or one place. Of course places where most fiat system is concentrating and making them a center for it, they want to expand and invest in cryptocurrencies too.

[Sykkuno 2887]

I think that most middle eastern countries have already found that bitcoin is a great investment and they would want to profit from this. Some countries have banned crypto, others allow but it can be hard to find an exchange and create accounts in regulated exchanges. I hope that there will be some moves to allow easy access that will increase adoption a lot.