DMCC Crypto Centre

Curious about the future of crypto and how industry leaders are adapting? In summer 2024, the crypto market stands at a pivotal moment with a global market cap exceeding USD 2 trillion, marking a 25% increase from last year. The rapid evolution of blockchain technology and increasing regulatory clarity are set to redefine the landscape. This season, decentralised finance (DeFi) has surged by 30% in the last six months, indicating vibrant growth ahead. At DMCC Crypto Centre, we host over 600 blockchain and crypto companies, providing essential infrastructure and resources to thrive in this fast-paced environment. As the market evolves, we continue to facilitate the adoption and development of blockchain technologies, ensuring that our members are at the forefront of the industry's progress. Read more about the future of the UAE crypto market Khaleej Times - https://lnkd.in/dxGT6725

Discover the DMCC Crypto Mining Licence: legally mine digital currencies within a secure, compliant framework. Benefit from our crypto-friendly environment and local support. What is the DMCC Crypto Mining Licence? It authorises businesses to conduct cryptocurrency mining under regulated guidelines, ensuring adherence to local laws for a secure operational environment. Why is it essential? Obtaining this licence legitimises your mining activities and grants access to DMCC’s infrastructure and support services. This includes cutting-edge technology, expert guidance, and a thriving business community to help your venture thrive. Who can apply? Open to companies and entrepreneurs entering the crypto mining sector, applicants should demonstrate technical expertise, financial stability, and a commitment to regulatory compliance. Our seamless application process ensures a swift and confident start to your operations. Join us at the DMCC Crypto Centre: https://lnkd.in/dwKGCvwA

Introducing Ghaf Labs, our valued ecosystem partner dedicated to supporting and enriching Web3 projects. Our members gain invaluable support for expanding in the MENA region. Here's what you gain: • Quickly expand your presence and adoption of Web3 projects in the MENA region • Enjoy expert guidance on growth strategies and market penetration • Leverage Ghaf Labs to build and engage communities around Web3 Find out how your business can scale with our ecosystem: https://lnkd.in/dwKGCvwA

2024: A peak year for crypto – three major events shaping the future so far. 1. Launch of Spot Ethereum ETF: bridging traditional finance and crypto The approval and launch of the first Spot Ethereum ETF in the United States marks a major milestone. The ETF combines modern cryptocurrencies with regulated investment vehicles. The launch has broadened Ethereum's accessibility, attracting institutional and retail investors who prefer traditional financial products. 2. Bitcoin surpasses all-time record With a value of over USD 73,000, Bitcoin hit a new record high in March. Reasons were the halving event as well as an increasing demand of the recently approved spot Bitcoin ETFs. 3. BlackRock's ETF becomes the world’s largest Bitcoin fund Since its inception in January, BlackRock iShares Bitcoin Trust (IBIT) has surpassed Grayscale's Bitcoin Trust (GBTC) as the world's largest Bitcoin ETF, racking up nearly USD 20 billion in total assets. As the world’s premier free zone, DMCC is proud to play a major role in shaping the future of crypto. Join the DMCC Crypto Centre https://lnkd.in/dwKGCvwA

DMCC’s "Building Web3" event in partnership with Bybit and Outlier Ventures was a full success and connected global #Web3 startups with investors and ecosystem partners in a casual environment. As our ecosystem partner and top-three cryptocurrency exchange by volume, Helen Liu, COO of Bybit, presented numerous projects in the Web3 space, which were elevated through the company’s initiatives, such as the Blockchain for Good Alliance (BGA). Stephan Apel, CEO and founding partner of Outlier Ventures, the world’s largest Web3 accelerator with a total portfolio of close to 350 projects, announced joining forces with Bybit for future projects. We are proud to announce that DMCC Crypto Centre has enabled one of the most supportive ecosystems in the world for Web3 entrepreneurs and businesses alike. Find out how your business can scale with our ecosystem: https://lnkd.in/dwKGCvwA

We are excited to welcome Quranium to our ecosystem. Quranium is one of 15 companies who have received a completely subsidised company setup after an evaluation and selection process, thanks to the strategic partnership with our ecosystem partner Bybit Learn more about DMCC Crypto Centre and how we support our member companies - https://lnkd.in/dwKGCvwA

يهنئ مركز دبي للسلع المتعددة المهندس مشعل عبد الله بن حسين، مدير إدارة تقنية المعلومات في وزارة المالية - الإمارات العربية المتحدة، لفوزه بجائزة CIO 200 وحصوله على أعلى تصنيف في فئة الأسطورة. DMCC congratulates Engineer Meshal Abdulla BinHussain, Director of Information Technology at Ministry of Finance, UAE, for winning the CIO 200 Award and securing the highest ranking in the Legend category.

If you are a Virtual Asset Service Provider (VASP) aiming to relocate to Dubai, you may need to apply for a VARA licence. As the world's first independent regulator for virtual assets, the Virtual Assets Regulatory Authority [VARA] provides VASPs and their clients with a reliable and stable regulatory framework. DMCC Crypto Centre offers a comprehensive suite of services to make sure you get all the necessary licences to get started. Check out whether your virtual asset activities are regulated by VARA and get in touch with us to support you during the entire application process: https://lnkd.in/dwKGCvwA

This week we are shining a spotlight on Boba Network, our ecosystem partner focusing on enabling layer-2 solutions to allow scalability and growth. What is a layer-2 blockchain solution? Layer-2 blockchain solutions make blockchains faster and cheaper by handling transactions off the main blockchain. This helps reduce congestion and lower fees. Boba Network is a layer-2 solution for Ethereum and BNB. It speeds up transactions and reduces costs using a method called optimistic rollups, making it easier and cheaper to use decentralised apps (dApps). Boba Network also gives developers access to Hybrid Compute, a system for interacting with the outside world from within solidity smart contracts. What's in it for you? • Benefit from smart contracts to interact with real-world data and execute off-chain computation with Hybrid computing to broaden the capabilities of your dApps • Reduce Native Chains gas fees and increase transaction throughput • Gain greater interoperability within the crypto ecosystem through multichain layer-2 Find out how your business can scale with our ecosystem: https://lnkd.in/dwKGCvwA

Benefit from a low-tax environment, a crypto-friendly legal framework and access to global capital with DMCC’s Distributed Ledger Technology (DLT) licence. What is a DLT licence? It's your gateway to legally operating and providing services using blockchain and other distributed ledger technologies. It ensures regulatory compliance and builds trust with clients and investors. Why do you need one? In today's fast-paced blockchain sector, regulatory compliance is key to success. With a DLT licence, you gain credibility, trust, and exclusive business opportunities. Who is eligible? Any company or future startup offering database management solutions and ancillary services based on DLT, such as Blockchain, can apply. With 100% business ownership, 0% personal income tax, and over 24,000 registered companies, DMCC is the perfect place to grow your business. Join the DMCC Crypto Centre https://lnkd.in/dwKGCvwA