The largest #crypto conference and exhibition in Asia, Crypto Expo Asia, has announced its return to Singapore after a successful inaugural debut in 2022.

Hosted at Marina Bay Sands on June 7 and 8, 2023, the event is expected to be attended by over 10,000 industry leaders and enthusiasts from the global crypto community.

The platform provides a unique opportunity to engage with over 100 crypto companies from over 30 countries, investors, traders, and influencers. Attendees will discuss key trends shaping the global crypto industry, such as artificial intelligence, web3 regulation, #blockchain gaming, and central bank digital currencies.

This year, the expo will also feature a non-fungible token gallery exhibition and new pilot sessions for metaverse-specific events and discussions. Companies interested in participating may apply for early bird packages, and over ten major crypto players, including Coinstore, XS.com, and DTT Group, have already pledged their support.

The expo follows Crypto Expo #Dubai , the premier crypto exhibition in the Middle East, which ran from March 8 to 9, 2023, and is the second crypto event of the HQMENA calendar this year.

Michael Xuan, director of Crypto Expo Asia, expressed his excitement for the event's return, saying, "Events such as Crypto Expo Asia are an integral part of the ecosystem and serve as a catalyst for crypto industry networking and growth."

One of the largest free #trade zones in the world, the Dubai Multi Commodities Centre, struck agreements with South Korean governments and businesses to attract more #Web3 and #Metaverse enterprises to the emirate. The goal of this action is to solidify Dubai's position as the region's leading international #blockchain hub.

Collaboration Between South Korean Organizations And Dubai Free Trade Zone On Web3 And Metaverse

Dubai is attempting to establish itself as a major global centre for decentralized technology. As part of the expansion of Dubai's operations in the Web3 sector, the Dubai Multi Commodities Centre, one of the largest free trade zones in the area, has formed various partnerships with South Korean organizations.

These collaborations were signed by the zone, which is owned by the emirate's government and has more than 20K registered enterprises, as the result of a series of roadshows held in several Korean towns. These Memorandums of Understanding (MoU) were signed with Seongnam City, a significant hub for innovation consortiums, and the Korea Blockchain Industry Promotion Association (KBIPA).

In accordance with these agreements, the Dubai Multi Commodities Centre pledges to assist Korean businesses in establishing themselves on its soil in the Web3 and metaverse sectors. CEO of the Dubai Free Zone Ahmed Bin Sulayem said:

"As we continue to advance our policy of assisting companies in these areas, the signing of these MoUs with KBIPA and Seongnam City is timely. We are honored to support the robust and enduring trade ties between South Korea and the United Arab Emirates."

Metaverse History

Dubai has been one of the first emirates to rally to use the technology as part of a structured governance approach, even if interest in and funding for the metaverse appear to be diminishing. The emirate established a metaverse task team in May 2022 with the goal of encouraging the development of a regional economy centered in the metaverse.

In July of last year, the emirate finally developed its metaverse strategy, anticipating that the industry would bring in $4 billion by 2030, draw 4,000 more businesses, and produce 40,000 new employment by 2025.

In July, it was reported that #Dubai was looking to move some of its offices into the metaverse so that government agencies and ministries could carry out their functions online.

#Binance , one of the largest cryptocurrency exchanges in the world, has become the first exchange to receive an Operational Minimum Viable Product (MVP) license from Dubai's Virtual Asset Regulatory Authority (VARA).

Binance Has Received Another License in #Dubai

This license allows Binance to offer regulated virtual asset services in Dubai while adhering to VARA's investor protection and market assurance standards.

With the Operational MVP license in hand, Binance's Dubai subsidiary Binance FZE will now be able to offer exchange and broker-dealer services in the region and initially serve institutional and qualified retail investors.

September March 2022 and September 2022, Binance received a provisional MVP license, further solidifying the exchange's commitment to operating within Dubai's regulatory framework for Virtual Asset Service Providers (VASPs).

By obtaining this license, Binance has established a strong presence in Dubai's fast-growing crypto market and reaffirmed its commitment to cooperation with local regulators.

The operational MVP license allows the exchange to operate two licensed activities: virtual asset exchange services and virtual asset broker-dealer services, both of which are limited to institutional and qualified retail investors in the city.

While the crypto world continues to develop, Binance continues to stay at the forefront by encouraging innovation and expanding its services in accordance with the relevant regulations of the countries in which it operates.

The acquisition of the Operational MVP license in Dubai further reinforces Binance's reputation as a global leader in the cryptocurrency space. #BTC #BNB

Dubai is a magnificent city to live and work in. But how can someone buy Bitcoin in Dubai? Is it legal to buy Bitcoin in Dubai? Is Dubai crypto-friendly?
Here’s a quick guide with the answers. The great news is that, yes, buying Bitcoin (BTC) in the United Arab Emirates is permitted, and the country is actually one of the most welcoming to cryptocurrency exchanges and investors.
Is Dubai crypto-friendly?
The thriving metropolis of Dubai in the UAE has long been deemed a crypto-friendly city. Some describe the UAE as the most crypto-friendly country.
What’s more, there is zero tax to pay on cryptocurrency trading in the UAE, as well as zero income or capital gains tax. This combination has made the Middle Eastern country massively attractive to cryptocurrency and blockchain companies and the users of these technologies. There are many UAE crypto traders and plenty of crypto investment options in the UAE.
But is it legal to buy Bitcoin in Dubai? Dubai and the UAE have some regulations on cryptocurrencies, including policies to protect investors. Cryptocurrencies are not licensed or recognized as legal tender; however, there are no laws against buying Bitcoin in the UAE or owning or trading Bitcoin or other crypto.
How to buy cryptocurrency in Dubai
Buying Bitcoin in Dubai and anywhere in the UAE is quite straightforward; it starts with choosing a crypto exchange, registering and creating an account, and then adding the funds needed to buy the cryptocurrency of choice.
Bitcoin is available on any exchange, and other leading cryptocurrencies are available on most major exchanges. Investors who plan to hold on to Bitcoin usually want to move their Bitcoin away from an exchange into a Bitcoin wallet or to more secure Bitcoin storage like a hardware wallet. Let’s look at the steps to buying Bitcoin in the United Arab Emirates:
1. Choose an exchange
The first priority when choosing an exchange is security; crypto buyers should always research the exchange and check online reviews, then review the coins, the exchange lists and the fees.
2. Register
Registering with an exchange starts with an email, a password and any other security authentication available. Cryptocurrency exchange users should always make full use of any additional security options. New exchange users will usually need to provide the exchange with an image of a piece of photo ID to complete its Know Your Customer (KYC) checks.
3. Fund and buy
Once an account has been created, funds can be added from fiat accounts. After that, it’s possible to buy BTC with UAE dirhams easily this way or to select another trading pair.
Which crypto exchanges operate in Dubai and the UAE?
The intriguing thing is that there are many leading exchanges that operate in the UAE; investors can pick from the most well-known, the best-reviewed, those thought of as the safest, and those with the highest availability of leading cryptocurrencies.
Some of the crypto exchanges and Bitcoin trading platforms in Dubai and the UAE are eToro, OKX, HTX (formerly Huobi) and Binance. Bitcoin brokers in the UAE, such as Rain, OKX, Uphold, Bybit and Binance, are regulated by the UAE Financial Services Regulatory Authority (FSRA) or the Abu Dhabi Global Market (ADGM).
How to choose Bitcoin wallets in Dubai
Just like Bitcoin trading platforms in Dubai, there are lots of options for Bitcoin wallets in Dubai to store crypto safely. The first step is to choose a Bitcoin wallet suitable for investor plans or behavior.
Online wallets or wallet applications aren’t as safe as hardware wallets, but they can be more suitable for investors planning to move their cryptocurrency holdings or use them on a regular basis. Hot wallets to choose from include Trust Wallet or Electrum.
More valuable Bitcoin holdings or funds left idle for some time are best stored in safer hardware wallets, such as Trezor or Ledger Nano.
Can you buy Bitcoin in Dubai with cash?
It’s possible to buy Bitcoin in Dubai with cash straight from an account or by using a credit card. After an account has been set up with an exchange, the next step is to add fiat money funds to the account and then go on to purchase Bitcoin.
Does Dubai have Bitcoin ATMs?
The UAE is so welcoming to crypto that it is one of the countries to have Bitcoin ATMs, and Dubai’s first Bitcoin ATM was installed at the five-star Rixos Premium Dubai Hotel in 2019. At the kiosk, visitors can insert cash and buy Bitcoin instantly.

Is buying Bitcoin via P2P in Dubai common?
Peer-to-peer (P2P) cryptocurrency exchanges allow users to trade Bitcoin directly with one another, unlike centralized or decentralized exchanges. On a P2P exchange, it’s possible to look at a seller’s list of assets for sale and choose accordingly. Buyers and sellers agree on the price of the cryptocurrency for sale before the sale is made.
P2P exchanges can be more common in countries with greater restrictions on cryptocurrency exchanges; in Dubai, that’s not the case. The major exchanges operating in Dubai often have P2P functionality as well as standard trading options, which provides the best of both worlds. The exchanges offering P2P trading in Dubai include Binance, Paxful, OKX, HTX, Bybit and KuCoin.
Are there crypto-friendly banks in the UAE?
It is interesting to know how banks in Dubai and the UAE view cryptocurrencies and crypto users. The UAE doesn’t fail the crypto entrepreneur, and there are a number of crypto-friendly banks in the UAE that will allow crypto businesses to open and use fiat accounts.
First Abu Dhabi Bank (FAB) has no policies restricting its customers from buying and selling crypto. Although it doesn’t offer crypto trading, it’s possible to link an FAB account with a crypto exchange to fund Bitcoin purchases. FAB also has future plans to leverage Web3 and digital assets for its users.
Exercise caution while dealing with cryptocurrencies
It is fortunate for Dubai residents to have access to a vibrant financial environment that enables them to engage with the world of cryptocurrencies.
However, it is important to remember that the value of Bitcoin and many other cryptocurrencies is extremely volatile and subject to significant price swings in either direction. Therefore, before entering the cryptocurrency market, careful research and knowledge of the risks involved are crucial.
$BTC #Dubai