Dubai’s Biggest Bitcoin Regulation Workshop Event This Year!

In Uncategorized

Yes! Dubai’s Bitcoin industry is going big and it’s unstoppable!


Bitcoin is slowly starting to make headway in Dubai. The Supreme Legislation Committee will discuss the current and future regulation of Bitcoin shortly. This increased focus on cryptocurrency is seen as a positive note, indicating Dubai sees potential in Bitcoin. The Virtual Currency: Fact and Law workshop will take place on November 20.

Whenever regulation and Bitcoin are mentioned in the same breath, there is cause for concern. Over the years, any country or city looking into cryptocurrency regulation has somehow made a mess of things. But that was to be expected, as governments want to nip innovation they can’t control in the bud.

A Welcome Turn of Events For Bitcoin in Dubai

Things are a bit different in Dubai, as there is no specific legal framework for Bitcoin yet. Both the Dubai Electronic Security Center and The Supreme Legislation Committee will host a workshop to discuss the future of cryptocurrency. For now, this appears to be an open-minded point of discussion, which is a positive sign.

Supreme Legislation Committee secretary general Ahmad bin Meshar Al Muhairi stated:

“The move is part of our continuing efforts to build a legal knowledge base in line with our strategic objectives in strengthening the legal system and developing the legislative process to achieve the objective and realistic requirements for drafting leading legislation that simulates reality and outlooks the future.”

Dubai is keeping a close eye on financial developments in the 21st century. At the same time, the city acknowledges the need for a framework detailing legal obligations, duties, and rights. This workshop will also focus on raising cryptocurrency awareness and enriching knowledge.

Bitcoin is very different from any currency Dubai has dealt with before. Without central authority or regulation, government officials need to be educated on how Bitcoin can be used in an optimal setting. What is rather interesting, is how officials seem to agree on Bitcoin is “officially recognised worldwide.”

Knowledge and information are the two key elements to establish a productive regulatory ecosystem. Bitcoin and cryptocurrency remain novel trends, with lots of potential for growth and innovation. If all of Dubai’s competent authorities see eye-to-eye regarding Bitcoin, things could get very interesting in the coming years.



You may also read!

Personal information

US Senator Demands Internet with ‘Do Not Track List’ For Personal Information

Do you think that personal data should be shared with websites? US Senator Josh Hawley thinks otherwise. As a

Online Security

Survey Shows Internet Users Have Terrible Online Security

How secure is your online privacy? Internet users might have no conception that their personal information entered online are

Louis Vuitton

Louis Vuitton Leverages on Blockchain to Verify Fake Products

Is there anything else that blockchain cannot do? Louis Vuitton along with ConsenSys and Microsoft have teamed up to


One commentOn Dubai’s Biggest Bitcoin Regulation Workshop Event This Year!

  • Howdy! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My blog looks weird when viewing from my apple iphone. I’m trying to find a template or plugin that might be able to correct this problem. If you have any recommendations, please share. Thanks!|

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu