In the Middle East the first license was issued to cryptocurrency trading

288

The first in the Middle East company that received the legal right to carry out operations with cryptocurrencies is Dubai-based Regal RA DMCC, Regal Assets Inc.

The company specializes in investments in gold, silver, platinum and palladium, as well as trading in precious metal bars. Now in the arsenal of investment instruments, there are also four cryptocurrencies: Bitcoin, Ethereum, Ripple and Lightcoin.

To expand cooperation with partners, the company also offered investors a special service – cryptocurrency storage. For this purpose, a cooling data warehouse has been built in Dubai without an Internet connection. Thus, clients were offered to protect themselves from risks and place the cryptocurrency in a “secure safe” protected from viruses and burglary.

Tyler Gallagher, CEO of Regal Assets:

“We have developed what we believe is the number one most secure way of investing in Bitcoin, Ethereum and other crypto-commodities.”

In the future Regal Assets plans to create cryptocurrency trading platform, since it primarily considers them as a commodity and not as a way of payments. According to her, the company intends to obtain similar licenses for cryptocurrency trading in other countries.