logo
Bitcoin.com Establishes MENA Base in Dubai through DMCC Crypto Centre

Bitcoin.com Establishes MENA Base in Dubai through DMCC Crypto Centre

Hi Dubai16-06-2025
Bitcoin.com, a global leader in crypto education and self-custodial solutions, has launched its first Middle East and North Africa office in Dubai, joining the DMCC Crypto Centre.
The move strengthens Dubai's position as a leading global hub for blockchain and Web3 innovation.
The DMCC Crypto Centre, located in Uptown Tower, is home to more than 650 companies across the blockchain and digital asset value chain. It offers a comprehensive ecosystem that includes infrastructure support, mentoring, access to capital, and strategic partnerships — making it the region's largest concentration of crypto firms.
With this expansion, Bitcoin.com aims to contribute to the emirate's fast-growing digital economy while leveraging its global expertise to support local and regional growth in the crypto space. The company has introduced millions to digital assets through its news platform and educational tools.
Belal Jassoma, Director of Ecosystems at DMCC, said the partnership underscores Dubai's global appeal for Web3 companies and the Crypto Centre's role as a launchpad for blockchain innovation.
Corbin Fraser, CEO of Bitcoin.com, praised Dubai's progressive regulatory environment and DMCC's robust infrastructure as key factors behind the decision. 'Dubai is one of the most welcoming environments in the world for Web3 companies,'
he said.
Dubai's emergence as a digital asset hub is underpinned by its forward-looking regulatory framework, including the establishment of the Virtual Assets Regulatory Authority (VARA) — the world's first independent regulator for virtual assets.
The DMCC now hosts over 25,000 businesses, including more than 3,200 tech companies. With over 800 firms across its technology-focused centres — including the Crypto, Gaming and AI hubs — DMCC continues to cement its role as a magnet for digital innovation.
News Source: Dubai Media Office
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Decisive Path: A Chairman's Blueprint for UAE Business Setup
The Decisive Path: A Chairman's Blueprint for UAE Business Setup

Gulf Today

time19 hours ago

  • Gulf Today

The Decisive Path: A Chairman's Blueprint for UAE Business Setup

The United Arab Emirates is still adding new companies at a brisk pace, but consultants who work in the sector say the difference between a smooth start and a difficult first year often comes down to the earliest choices made by founders. The country has more than 50 registration options, from mainland licenses to free zones including DMCC, IFZA, RAKEZ, and ADGM. Each jurisdiction offers a different mix of market access, customs treatment, and visa allowances. Industry advisers warn that the wrong selection can lock a company into costs or limitations this will be challenging to reverse. Charlie Patel, founder of Decisive Zone, said most of the problems his firm sees could have been avoided with more planning at the start. 'Activity type, jurisdiction, and licensing all have long-term consequences,' he said. 'If those choices are rushed or misaligned, you can run into banking or visa barriers later.' After deciding on the activity and jurisdiction, applicants move on to name approvals, document preparation, and in many cases leasing premises that meet licensing requirements. Banking, once straightforward, now involves more extensive checks as institutions apply tighter due diligence. Patel said that presenting a detailed and credible business case has become essential for securing accounts. The introduction of VAT and corporate tax has also changed the formation process. Compliance now has to be addressed alongside incorporation to avoid the expense of restructuring later. Patel said his firm — which has worked on more than 7,000 setups across different industries — integrates tax registration and reporting systems into its early-stage work to keep clients aligned with the rules from the start.

UAE visa, bank accounts included as digital creator licence launched in RAK
UAE visa, bank accounts included as digital creator licence launched in RAK

Khaleej Times

timea day ago

  • Khaleej Times

UAE visa, bank accounts included as digital creator licence launched in RAK

Ras Al Khaimah Digital Assets Oasis (RAK DAO) has introduced the UAE's first Digital Creator Licence, designed uniquely for influencers, streamers, and educators. This licence offers a comprehensive business setup that includes a licence, visa, and a bank account, all specifically tailored to the needs of digital content creators, through a partnership with the Web3-based platform Lyvely. Licence holders gain an official business setup, benefiting from zero corporate and personal income tax, 100 per cent foreign ownership, and access to RAK DAO's ecosystem of partnerships, networking, and support services. Paul Dawalibi, CEO of RAK DAO, stated that the license addresses one of the creators' biggest barriers to credibility in the eyes of banks, brands, and investors. 'We wanted to give them a legal wrapper so they can be taken seriously. This is about turning what many see as a side hustle into a recognised, sophisticated business,' he said. RAK DAO is a free zone in the UAE dedicated to supporting companies in the digital and virtual asset space. It is designed to foster innovation in sectors such as blockchain, Web3, NFTs, and DAOs, offering a supportive legal framework, business licensing, and access to resources for companies in these industries. Unlike other free zone licenses, the Digital Creator License is built for digital content creation. Creators on Lyvely's platform get full business ownership, legal independence, and access to benefits usually reserved for standard RAK DAO businesses. The licence addresses common challenges like banking and partnerships, and opens up new ways to earn money that generic licences do not offer. The licence enables creators to diversify their income, secure brand deals, launch services, and control their earnings and intellectual property as a legitimate business. The application is fast and simple: creators sign up on Lyvely, then complete a streamlined setup with RAK DAO, often becoming licensed and banked within days. Applicants worldwide receive the same tax and ownership benefits as UAE-based businesses, along with the added convenience of operating in free zones. 'This license expands the universe of possibilities for creators,' Dawalibi added. 'They can operate globally, open new revenue streams, and take control of their professional futures, all with the credibility and advantages that come from being a legitimate business.' Why Ras Al Khaimah Ras Al Khaimah offers a cost of living that's nearly half that of Dubai, plus tax-free advantages. As Dawalibi explains, while Dubai shares some of these benefits, its high living costs typically mean that only top executives relocate there, while most developers and workers remain in different countries. In contrast, Dawalibi highlights that RAK's affordability makes it practical for companies to bring entire teams, including developers, together in one place, rather than keeping them spread out internationally due to high costs.

Open-Source AGI Network ‘The GRID' Debuts
Open-Source AGI Network ‘The GRID' Debuts

Arabian Post

time3 days ago

  • Arabian Post

Open-Source AGI Network ‘The GRID' Debuts

Sentient has rolled out The GRID, an open-source network for artificial general intelligence enabling developers to build, share and monetise AI agents. The launch introduces a decentralised alternative to closed AI platforms such as OpenAI, offering token-based monetisation and interoperability across Web2, Web3 and multiple blockchain ecosystems. At launch, The GRID presents over 40 AI agents, 50 data sources and more than 10 distinct models. Developers gain access through Sentient Chat, allowing them to integrate tools such as Napkin, a generative graphics engine, and Exa, a search service, while deploying blockchain-linked agents across platforms including Base, Polygon and Arbitrum. Himanshu Tyagi, a co-founder of Sentient, described The GRID as 'the world's largest collection of open-source intelligence, and the economic rails that allow it to scale.' He emphasised that it is not merely a 'better app store for AI' but foundational infrastructure aimed at making open-source AI viable over the long term. A standout feature of the network is its interoperability: agents within The GRID can share memory and coordinate tasks in real time. This aims to mitigate fragmentation in enterprise AI, where disconnected 'assistant' systems often struggle to communicate effectively. Earlier this year, Sentient secured approximately $85 million in seed funding co-led by Founders Fund, Pantera Capital and Framework Ventures, underlining investor confidence in its mission to create a community-owned, open-source AGI ecosystem. The company's broader strategy centres on the Open, Monetisable, Loyal framework, a cryptographic incentive model designed to ensure AI models are open, monetisable by contributors and remain loyal to their communities. Sentient's protocol supports tokenisation, model fingerprinting and revenue sharing, all governed through decentralized mechanisms including DAOs. In a significant development reinforcing The GRID's commitment to secure and trustworthy AI, Sentient has partnered with Billions, a token-based digital identity verification platform. The partnership aims to embed sybil-resistant, reputation-based trust mechanisms into the agent economy, ensuring The GRID serves real users and not bots or malicious actors. Himanshu Tyagi noted the necessity of such a system for safe and equitable AI deployment. Sentient's vision stands in marked contrast to the closed-source AGI systems championed by major tech firms. It posits AGI as a network of specialised intelligences—agents and models built by the community—going beyond centralised control to foster a decentralised AI economy. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity. ADVERTISEMENT

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store