I agree with you that this is a positive step in the broadening of the adoption of digital assets. But there are only two vague points left for me:
1. Was the decision taken to include the Emirate of Dubai only, or as the capital of the state, meaning that the decision includes the rest of the Emirates?
2. The law talks about virtual assets, of which encrypted assets are one of them. I would like to understand what exactly virtual assets are covered by law.
On the other hand, we must wait for the position of the rest of the Gulf Cooperation Council countries, given their economic linkage with the UAE, and how things will unfold in the transactions between them.
1. Was the decision taken to include the Emirate of Dubai only, or as the capital of the state, meaning that the decision includes the rest of the Emirates?
2. The law talks about virtual assets, of which encrypted assets are one of them. I would like to understand what exactly virtual assets are covered by law.
On the other hand, we must wait for the position of the rest of the Gulf Cooperation Council countries, given their economic linkage with the UAE, and how things will unfold in the transactions between them.
Ofcouse it’s a strong positive thing for the crypto currency.Because the more and more legalised will increase the flow of the crypto in the hands of investors.Now NFT users was increased due to bulk investment and bulk profit.But still some people had their belief on the cryptocurrency,mainly on the bitcoin.The people who become a millionaire using the bitcoin won’t forgot it.
