Dotxmex has received a license in Dubai
Dotxmex bitcoin exchange has received a license to provide cryptocurrency services in Dubai, UAE.
We’re proud to announce that #Dotxmex has expanded its presence in the Middle East, securing a license to operate in Dubai, UAE.
The virtual asset license will allow Dotxmex to manage its business in the Middle East from Dubai.
The trading platform has received permission to provide limited exchange products and services to qualified investors and professional financial service providers.
According to Chainalysis, from July 2020 to June 2021, the volume of cryptocurrency transactions in the UAE amounted to approximately $26 billion, which made them the third largest digital asset market
Recall that in March, the Dubai authorities adopted a law on virtual assets and established a regulatory body.