Pallapay is studying how the emirate’s new crypto regulations would affect how people buy and sell bitcoin and other cryptos in Dubai
DUBAI, UAE / ACCESSWIRE / April 15, 2022 / His Highness Sheikh Mohammed bin Rashid, Dubai’s ruler and Prime Minister of Dubai, recently announced the emirate’s new crypto law. Regarding the new regulation, Pallapay, Dubai’s leading bitcoin exchange, will continue to support everyone Buy and sell bitcoin in Dubai safe and legal.
The UAE followed countries like the US, UK, European countries and El-Salvador to announce the latest rounds of regulation for cryptocurrency trading. These new laws will set the tone for cryptocurrency transactions and exchanges in Dubai.
Per the announcement, crypto-related activities are regulated by the Dubai Virtual Asset Regulatory Authority (VARA) in Dubai. However, the Dubai International Financial Centre, also known as the Dubai Free Zone, will receive an exemption from the new regulation.
Dubai branch of Pallapay Bitcoin Shop
Pallapay has been providing cryptocurrency exchange services in Dubai since 2015.
Over these years, the agency has proven to be a reputable exchange, with thousands buying and selling Bitcoins in Dubai along with a variety of other cryptocurrencies.
The new policy is expected to stimulate huge demand for the variety of cryptocurrency services in general. The Pallapay bitcoin shop is fully ready and well-equipped to help potential customers looking to exchange bitcoin for cash at their city center offices. The agency has years of experience and an entourage of professional staff that can serve both seasoned crypto clients and beginners new to the digital currency revolution.
The agency has received the award of the largest Crypto Expo Dubai among numerous recognitions. With a wide range of crypto services, Pallapay has built a solid reputation as the leading brand in buying and selling Bitcoin in Dubai, UAE and many other countries.
Importance of crypto exchange in Dubai
Almost every year new laws and regulations are developed that aim to regulate the digital currency scene. These regulations are made to regulate or facilitate cryptocurrency transactions safely and legally. Prior to the new regulations, the Dubai government announced penalties for crypto fraud late last year.
The main reason for the regulation is the increasing demand for crypto products.
Public interest in crypto services has increased significantly in recent years. The development of these regulations is a testament to the popularity of digital currencies. However, the implementation of the regulations will help ensure that customers, businesses and other stakeholders can safely use these services. Pallapay strives to provide the best services within the law. The agency is able to meet these requirements to allow clients to buy and sell bitcoin in Dubai safely.
About Pallapay Bitcoin Shop
Pallapay is an international brand that offers cryptocurrency exchange services.
It currently operates in four (4) different countries and major cities: Dubai, USA, Singapore and Istanbul. Since 2015, thousands of people have relied on Pallapay to exchange their cryptocurrencies for cash and vice versa. However, the most demanded services are too Sell Bitcoin in Dubaito USDT for sale in Dubai and Ethereum for sale in Dubai.
Bitcoin, one of the most popular cryptocurrencies, can be bought and sold on Pallapay.
When it comes to selling bitcoin in Dubai, Pallapay offers competitive pricing, provision of large-value exchanges, and instant transactions for its teeming clientele, putting it a step above the other exchanges in Dubai. Besides selling bitcoin in Dubai, Pallapay also allows anyone to exchange more than 2000 cryptocurrencies for cash or bank transfer and cash to crypto.
Pallapay is also making crypto available to fiat POS machines for the first time in the Middle East. Hotels, restaurants and shops can use Pallapay crypto POS machines to charge the customer with crypto and receive the fiat in their bank account easily without any knowledge of crypto.
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