We accept payments through Crypto Currency
Sheikh Mohammed bin Rashid Al Maktoum- the ruler, vice-president, and prime minister of the United Arab Emirates (UAE) on March 9, announced on his official Twitter account that UAE has adopted its first law to regulate crypto assets.
Cryptocurrency And Blockchain Regulation In Dubai
Sheikh Mohammed bin Rashid Al Maktoum- the ruler, vice-president, and prime minister of the United Arab Emirates (UAE) on March 9, announced on his official Twitter account that UAE has adopted its first law to regulate crypto assets.
The Government enacted Law No. 4 of 2022 on the Regulation of Virtual Assets (VAL) and established the Dubai Virtual Assets Regulatory Authority (VARA). This legal framework is a milestone reflecting Dubai’s aim of becoming one of the leading jurisdictions for entrepreneurs and investors of blockchain technology. This law enactment will promote Dubai’s position as a top-notch destination in the virtual asset sphere.
Rashid Al Maktoum said in the tweet, ‘We established an independent authority to oversee the development of the best business environment in the world of virtual assets in terms of regulation, licensing, and governance.
Benefits
Cost-Effective
It is a very cost-effective and cost-saving solution that reduces the cost of internal payments and cuts the additional taxes levied on the transactions. Banks charge a very good amount of fees on international transactions but with bitcoins, you need not worry about anything.
Quick Transactions
This benefit has been mentioned several times above that it is a quick transaction process that transfers the money in no time. To purchase property in Dubai with bitcoin there is no need to wait for the verification of assets. After settling down all the terms and conditions you can enjoy a smooth and direct transaction.
Secure Payments
Well, it is a crypto payment- bitcoins that means the currency will be immediately converted to fiat. Also, the process is encrypted means no leakage of data and amount. Then there is no involvement of any third intermediary in between.
Frequently Asked Questions
Yes, you can buy property in Dubai using Crypto and the most famous is Bitcoin. But make sure you are aware of the developers that are accepting the digital currency for real estate transactions.
Located in Dubai, Coinsfera enables you to Buy Real Estate in Dubai with Bitcoin Dedicated professionals are available 24/7 to answer any questions or concerns users may have and are dedicated to providing the highest level of security and customer service. It is a Bitcoin OTC shop.
Yes, you can use cryptocurrency to buy real estate. But beforehand be clear with the real estate agents and the companies from where you can buy a home in Dubai with cryptocurrencies.
The future of real estate is changing and developing on an amazing note. You can Buy A Real Estate Property in Dubai with Bitcoin because it is becoming a popular and real option for buying a house in Dubai.
It has impacted real estate in a very good manner opening the doors for safe and secure digital payment without any involvement of third-party intermediaries. This has significantly speeded up the process of transactions.
