Dubai Firm Gets First Mideast License in Cryptocurrencies

Regal RA DMCC is the first company in the Middle East to get a license to trade cryptocurrencies
13 February 2018   371

Regal RA DMCC, a Dubai gold trader, has become the first company in the Middle East to get a license to trade cryptocurrencies. The company will offer storage of Bitcoin, Ethereum and other cryptocurrencies in a vault located in DMCC headquarters in Almas Tower in Dubai. 

At the heart of DMCC’s long-term strategic growth plan is the use of technology and innovation to disrupt and connect new markets, industries, and customers. The announcement today embodies this approach.

 

Ahmed Bin Sulayem

Executive Chairman, DMCC

Tyler Gallagher, a chief executive officer of Regal Assets, which owns Regal RA, said that cryptocurrency investors are reluctant to store large amounts of the coins in online wallets and exchanges due to the risk of hacking, identify theft and malware. He added that the company has developed one of the most secure ways of investing in Bitcoin, Ethereum, and other crypto-commodities.

Regal RA is working on an online trading platform for the crypto-commodities, said Ksenia Kiseleva, manager of the company’s Dubai office. Regal will apply for trading licenses in other countries around the world, she said. The DMCC license is the company’s first for cryptocurrencies/commodities. 

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   41

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.