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   164

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. 

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
21 February 2018   27

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.