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MAG group to tokenize $500 millions worth of real estate with the Mantra DAO crypto project. A new (hopefully easy) way to invest in real estate in Dubai. https://www.coindesk.com/business/2...real-estate-assets-for-uae-builder-mag-group/

https://www.coindesk.com/business/2024/07/03/indian-crypto-exchange-coindcx-acquires-bitoasis/

The article says: “The newly acquired VASP license permits Binance not only to cater to institutional and qualified investors but also to pioneer retail cryptocurrency trading.” Do you think this will help resolve the crypto banking situation for retailers in the UAE...

I've not tried yet.

For whatever reason, when I hear WIO I assume smaller amounts. I think you can ask WIO support for larger amounts. Who knows they may accept it. I had raised a question in a separate thread about using swissquote for larger amounts. Some people said it worked for them. I didn't try that yet. You...

A couple of weeks ago I received a transfer of 11K AED from BitOasis to my WIO personal account. It went through without any issues. Before initiating the transfer, I asked WIO support on Whatsapp whether they would tolerate occasional transfers of 10k-15k from a local crypto exchange and they...

I found it very easy to open an account with WIO using their app. It took like 5 minutes. There's a question about your sector of employment and a salary range. They didn't ask for any proof of employment. I don't remember them asking for a proof of address either but I can be wrong (I'm a...

I've been using binance p2p for 1 and a half years with CBD and rakbank. I usually receive amounts of 18k AED in one transaction. I do that like once a month, sometimes more frequently or with higher amounts. I have had not problem with rakbank. But CBD sent me 2 sms warnings recently that...

I guess the answer is in the last paragraph in the article.

Their license is limited to business customers not to retail I think.

https://coinmarketcap.com/alexandria/article/uae-cracks-down-on-unlicensed-crypto-firms Are exchanges such as binance and kraken considered unlicensed in this context because they don't have licenses to operate as exchanges in the UAE? I mean does this impact retail investors depositing and...

What are the implications on tax reporting though? Local UAE banks won't report How does tax reporting work in this case? We have a resident of Dubai, for example, who holds an account opened through the UAE subsidiary of swissquote, but the account itself is hosted in Switzerland. Is bank...

https://gulfnews.com/business/corpo...aign=em_dn&utm_medium=newsletter&utm_content=

Say I own bank accounts and/or real estate in Dubai. Are these accounts and/or real estates reported to my country of origin even if I'm officially a resident of Dubai (resident visa/EID) and spend most of the year in Dubai?

Does it mean that there's no reporting for somebody who lives in Dubai? If so then what criteria is used to tell whether somebody lives in Dubai or not?

This is a very old thread but I found lots of useful information in it!! The DMCC Crypto Centre in Dubai helps its client companies trying to open bank accounts by putting them in contact with one of the few banks the DMCC Crypto Centre has relationships with. Eqibank is one of those banks...

https://gulfbusiness.com/rakbank-kr...rst-dirham-denominated-virtual-asset-trading/

I don't know if CBD will be happy seeing a 5 or 6 figure USD transfer in from kraken. I fear they will freeze my account.

I'm thinking of cashing out some of my crypto from kraken/binance to a swissquote/UAE personal account (USD or EUR) then transfer out to a personal bank account in Dubai. Is swissquote a good choice in this case? : - There are no account fees for USD according to swissquote's website and...

https://cryptonews.net/editorial/news/uae-real-estate-company-emaar-accepts-bitcoin-and-ethereum/