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The UAE Is Banning Global Crypto Payments & Stablecoins? 

James Kay
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The United Arab Emirates is quickly becoming one of the major cryptocurrency countries globally with many crypto companies and millionaires moving there, especially to places like Dubai.
But which crypto firms have recently been able to register in the UAE?
And what is the new regulation that has come into force in the UAE that could ban crypto payments, stablecoins and foreign investment due to the requirement of Dirham-backed tokens through its CBDC?
That is what I cover in this video.
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Chapters:
0:00 - UAE Becoming A Global Crypto Hub
1:38 - New UAE Regulations To Ban Crypto
Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome. This is to confirm that I am not liable for any third-party services or interactions that you enter. Links included in this description may be affiliate links, for which I will receive a commission if you decided to purchase a service or product through that company.
#crypto
#cryptoregulation
#uae
#stablecoin

Опубликовано:

 

3 авг 2024

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Комментарии : 64   
@BillShockley-z2x
@BillShockley-z2x 21 день назад
Interesting to see how Bitcoin is used in the future.
@andrewt3162aa
@andrewt3162aa Месяц назад
Basically the UAE is banning US dollar.
@khurramkhalifa1454
@khurramkhalifa1454 Месяц назад
Only Tether as its not backed by anything USDC will be the real crypto dollar
@nivlekloen7437
@nivlekloen7437 Месяц назад
Where are these regulations?
@bc0601
@bc0601 Месяц назад
Where did you come up with “global”?! Under the regulations, the CBUAE is “prohibiting the acceptance of cryptocurrencies for goods and services unless they are licensed dirham payment tokens or registered foreign payment tokens, neither of which currently exist
@abdulrahman-yr1gp
@abdulrahman-yr1gp Месяц назад
It is okay the UAE dirham and Saudi riyal is pegged to the dollar at a rate of ( 3.75) per US dollar.
@jasonsmith5688
@jasonsmith5688 Месяц назад
Not sure why you never mentioned Ripple who have a huge office in Dubai and who’s native digital asset XRP has full regulatory clarity in Dubai?
@nftshiller8485
@nftshiller8485 Месяц назад
Never going there
@blokclok
@blokclok Месяц назад
Please discuss Strike entering UK
@jameskay428
@jameskay428 Месяц назад
Am actually covering that in a video later this week
@blokclok
@blokclok Месяц назад
@jameskay428 thank you 😊
@dineshmistry8902
@dineshmistry8902 Месяц назад
This clearly sounds like two steps back... at first UAE incentivised many crypto companies to setup shop in UAE, and now they start to choke to crypto players 🤨
@thepapervigilante2208
@thepapervigilante2208 Месяц назад
Future is dex
@hetman3196
@hetman3196 Месяц назад
Buy aero …dex on base
@aengeli62
@aengeli62 Месяц назад
Ripple is also in the UAE! Invite everyone to invest in the hype first and then screw them over. Sounds like a typical Dubai gig.
@bc0601
@bc0601 Месяц назад
Nah, someone lied to you!
@humaidalqubaisi5046
@humaidalqubaisi5046 Месяц назад
Ok where are the official links or documents regarding the information u r providing??!!!!
@nazdabner2685
@nazdabner2685 Месяц назад
That’s good. Dhirham token is fine.
@theproxy6841
@theproxy6841 Месяц назад
Great coverage thank man
@libra211061
@libra211061 Месяц назад
where’s your proof
@Andy-se4sl
@Andy-se4sl Месяц назад
USA moved so slow... They had a big chance of putting USD at the heart of the online economy and seemed to have blown it.... Choosing a dismal decline of the dollar rather than using crypto to at least give them a shot of upgrading to a new dynamic system with them at the heart... Sad opportunity missed / being missed
@Andy-se4sl
@Andy-se4sl Месяц назад
Thanks James
@cryptoinvesto
@cryptoinvesto Месяц назад
Thanks for the video James
@madagascar71
@madagascar71 Месяц назад
Typical Dubai rug pull tactics, get the companies to invest then flip on them. These companies will just move somewhere else. Were sick of these central banks power struggles. And i would never touch those CBDC shit coins.
@robadams7233
@robadams7233 Месяц назад
Trying their best to avoid the Dollar. Can't blame them to be honest😁
@SermonGregory
@SermonGregory Месяц назад
Thanks for continues updates! I am super excited about how my stock investments is going so far, making over $13k every week is an amazing gain🥰
@jimmyzulu432
@jimmyzulu432 Месяц назад
It's as though governments, banks, financial institutions are still trying to get a foot in the door of this new asset class. Politics and fear of loosing financial power is simply just slowing down the inevitable rise of blockchain/crypto technologies.
@cryptosleuth
@cryptosleuth Месяц назад
Why does every sentence you speak sound like a question? Be that as it may, please cite your sources for the information you publish here. A lawyer tweeting "new regulations MIGHT spell trouble for crypto payments" INSIDE the UAE does not make it legislation nor global. Maybe let's wait for it to be formalised before creating FUD?
@lindarazxe22
@lindarazxe22 Месяц назад
Shame on them
@steviegwhizz345
@steviegwhizz345 Месяц назад
I think that every country will have it's own stable coins that don't leave their country, then there will be other coins that are interoperable with each countries stable coins that can cross borders.
@dsflat6785
@dsflat6785 Месяц назад
Not related to UAE James but something not being covered by any Crypto content creators. Fascinating few months ahead for small blocks v big blocks Bitcoins Mt Gox news of circa 141,000 BTC and BCH being reimbursed in July.. It will be interesting to see if some of those early Bitcoin adopters were or are now Big Blockers, if they sell BTC and buy BCH ( 1 BTC into 160 BCH at todays prices ) Maybe some will cash out and buy something like Solana where there is massive adoption, innovation, staking and future ETFs
@jugjones3210
@jugjones3210 Месяц назад
Wow I’m guessing a lot of crypto millionaires will start to leave in regards to this. I guess they have done this so when investors sell in the UAE to convert to stablecoins tax free it’s will be in there currency. Very clever really. Get investors over there and then change things 🤔🤔
@Zale370
@Zale370 Месяц назад
It's not clever it's an outright scam!
@dineshmistry8902
@dineshmistry8902 Месяц назад
amazing how tradfi are still choking the crypto sector
@jugjones3210
@jugjones3210 Месяц назад
@@Zale370 o I totally agree but if your them there rubbing there hands together so you could say they are clever but devious at the same time
@SHAIBUFRIDAY-qp4tn
@SHAIBUFRIDAY-qp4tn Месяц назад
Интересно, спасибо. Сорри, что не по теме, такой вопрос, как перекинуть USDT с OKX кошелька на бинанс? Кроме сид фразы ничего: head isolate sound end kit industry choice festival limit stable dolphin derive. Можете расписать как правильно это делается?
@libra211061
@libra211061 Месяц назад
tethers a scam
@noelg9795
@noelg9795 Месяц назад
CBDC can be easy to short for other CBDC what is less in supply.
@maichaig
@maichaig Месяц назад
All going to gold silver and crypto so don't worry
@user-uk8hw4uf9o
@user-uk8hw4uf9o Месяц назад
This guy is talking b.......
@nazdabner2685
@nazdabner2685 Месяц назад
I am seeing negative comment he US dollar is full of debt. It’s not good a country that has debt. UAE doing good thing protecting people and the investor.. Dollar is dead / petrol dollar is history
@fukuoka4603
@fukuoka4603 Месяц назад
Only XRP. Love ❤️ it.
@user-np8gw5vy6v
@user-np8gw5vy6v Месяц назад
All i have is BITCOIN..
@UmarAbid
@UmarAbid Месяц назад
disappointing i gess ill have to find another place to stay then in feature
@ssejjdelorenz3152
@ssejjdelorenz3152 Месяц назад
Sensationalistic
@Peterogen
@Peterogen Месяц назад
❤❤
@TheAffiliater
@TheAffiliater 26 дней назад
dude, you don’t know what you are talking about!!! Is the UK a government paying you to spread falsehoods ? In Dubai you can buy a House or Car with Crypto and your coffee etc. The UAE are a Hub for personal freedom and the best Country in the World by a long way.
@hkaabi319
@hkaabi319 Месяц назад
Definitely, no country with good economy will allow the use of other currencies inside the country itself, imagine paying by Dirhm for a cup of coffee in LA ?! 😂 ,,, how crypto trading is definitely something else and allowed in UAE
@TheMrspring
@TheMrspring Месяц назад
Others countries will pick up the slack ten fold
@alviolampis
@alviolampis Месяц назад
You cant ban cripto... that's why cripto's are winning...
@cryptokingpinlife8399
@cryptokingpinlife8399 Месяц назад
What’s cripto?
@alviolampis
@alviolampis Месяц назад
@@cryptokingpinlife8399 you say cryptography we cay criptografia 8)
@libra211061
@libra211061 Месяц назад
your spreading false information
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