Northwest, Washington DC, United States, 15th Aug 2022, OECAI has obtained a virtual asset services license from Dubai. Following this, the trading platform intends to establish a regional hub in a cryptocurrency-friendly city. The hub will serve as its base of operations, offering services and several products to investors throughout the United Arab Emirates.
The recent development makes OECAI the latest trading platform to receive a Dubai Virtual Asset Services license this year. It is important because of the following reasons:
1 – Dubai is a thriving crypto hub:
Lennix Lai, managing director of OECAI, said that,
“Dubai was chosen because of the rapid growth of the city’s crypto ecosystem. The city has become a cryptocurrency hub for the entire UAE, welcoming top trading platforms such as Binance. With a population of over 3 million, Dubai’s large crypto market is far from saturated.”
The license comes at the right time, placing OECAI in a strategic position to capitalize on the burgeoning ecosystem for growth and expansion. Indeed, licensing OECAI for virtual asset services is a significant step towards achieving this goal.
2 – Regulation Friendly
Signing hands-on documents is a crucial step. In New York, where the OECAI is based, regulators did not see the need to draft a regulatory framework for the industry until the Biden administration. Lai says,
“Dubai does not only have a clear “balanced regulatory framework” for the sector. There is no doubt that OECAI will thrive in such an environment and grow faster than other trading platforms that are still in Europe, for example.”
3 – Breaking new ground
OECAI is one of the few foreign cryptocurrencies trading platforms that will have a base of operations there. Soon, it will largely influence the behavior of the Dubai population towards cryptocurrencies.
It is therefore breaking new ground by expanding its operations and bringing crypto trading and investment services to a fast-growing market. It facilitates the OCEAI growth of the space and crypto adoption in general.
4 – Holding crypto coins with open hands.
OECAI was one of the first trading platforms to be licensed and will be one of the pioneering trading platforms in the region, giving it a significant advantage. OECAI becomes one of the few top trading platforms in Dubai with a license to serve virtual assets. It will provide virtual asset services and products to Dubai’s booming crypto market.
Consequently, OECAI is now strategically positioned to benefit its growth and the entire crypto space. It’s thriving ecosystem generates the Quantification of Artificial Intelligence and provides balanced regulation to hold promise for OECAI and the crypto ecosystem.
Potential crypto enthusiasts must visit https://www.oecai.com for further information.
Company Name: OECAI
Name: Eddie C Nash
Address: 1147 20th St NW WA, 99103 United States
Contact Person: Eddie C Nash
Email: Send Email
Address 1: 1147 20th St NW WA, 99103 United States
State: Washington DC
Country: United States
The post OECAI obtains a Dubai Virtual Asset License for its proficient services. appeared first on King Newswire.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Fast Amplify journalist was involved in the writing and production of this article.