The UAE Is Banning Global Crypto Payments & Stablecoins?

The United Arab Emirates is quickly becoming one of the major cryptocurrency countries globally with many crypto companies and millionaires moving there, especially to places like Dubai.
But which crypto firms have recently been able to register in the UAE?
And what is the new regulation that has come into force in the UAE that could ban crypto payments, stablecoins and foreign investment due to the requirement of Dirham-backed tokens through its CBDC?
That is what I cover in this video.
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Chapters:
0:00 - UAE Becoming A Global Crypto Hub
1:38 - New UAE Regulations To Ban Crypto
Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome. This is to confirm that I am not liable for any third-party services or interactions that you enter. Links included in this description may be affiliate links, for which I will receive a commission if you decided to purchase a service or product through that company.
#crypto
#cryptoregulation
#uae
#stablecoin

[@BillShockley-z2x]

Interesting to see how Bitcoin is used in the future.

[@bc0601]

Where did you come up with “global”?! Under the regulations, the CBUAE is “prohibiting the acceptance of cryptocurrencies for goods and services unless they are licensed dirham payment tokens or registered foreign payment tokens, neither of which currently exist

[@nivlekloen7437]

Where are these regulations?

[@abdulrahman-yr1gp]

It is okay the UAE dirham and Saudi riyal is pegged to the dollar at a rate of ( 3.75) per US dollar.

[@andrewt3162aa]

Basically the UAE is banning US dollar.

[@khurramkhalifa1454]

Only Tether as its not backed by anything USDC will be the real crypto dollar

[@blokclok]

Please discuss Strike entering UK

[@jameskay428]

Am actually covering that in a video later this week

[@blokclok]

@jameskay428 thank you 😊

[@nftshiller8485]

Never going there

[@bc0601]

Nah, someone lied to you!

[@dineshmistry8902]

This clearly sounds like two steps back... at first UAE incentivised many crypto companies to setup shop in UAE, and now they start to choke to crypto players 🤨

[@thepapervigilante2208]

Future is dex

[@hetman3196]

Buy aero …dex on base

[@libra211061]

where’s your proof

[@jasonsmith5688]

Not sure why you never mentioned Ripple who have a huge office in Dubai and who’s native digital asset XRP has full regulatory clarity in Dubai?

[@cryptosleuth]

Why does every sentence you speak sound like a question? Be that as it may, please cite your sources for the information you publish here. A lawyer tweeting "new regulations MIGHT spell trouble for crypto payments" INSIDE the UAE does not make it legislation nor global. Maybe let's wait for it to be formalised before creating FUD?

[@aengeli62]

Ripple is also in the UAE! Invite everyone to invest in the hype first and then screw them over. Sounds like a typical Dubai gig.

[@madagascar71]

Typical Dubai rug pull tactics, get the companies to invest then flip on them. These companies will just move somewhere else. Were sick of these central banks power struggles. And i would never touch those CBDC shit coins.

[@libra211061]

tethers a scam

[@Andy-se4sl]

USA moved so slow... They had a big chance of putting USD at the heart of the online economy and seemed to have blown it.... Choosing a dismal decline of the dollar rather than using crypto to at least give them a shot of upgrading to a new dynamic system with them at the heart... Sad opportunity missed / being missed

[@user-uk8hw4uf9o]

This guy is talking b.......

[@humaidalqubaisi5046]

Ok where are the official links or documents regarding the information u r providing??!!!!

[@nazdabner2685]

That’s good. Dhirham token is fine.

[@dsflat6785]

Not related to UAE James but something not being covered by any Crypto content creators. Fascinating few months ahead for small blocks v big blocks Bitcoins Mt Gox news of circa 141,000 BTC and BCH being reimbursed in July.. It will be interesting to see if some of those early Bitcoin adopters were or are now Big Blockers, if they sell BTC and buy BCH ( 1 BTC into 160 BCH at todays prices ) Maybe some will cash out and buy something like Solana where there is massive adoption, innovation, staking and future ETFs

[@robadams7233]

Trying their best to avoid the Dollar. Can't blame them to be honest😁

[@theproxy6841]

Great coverage thank man

[@jimmyzulu432]

It's as though governments, banks, financial institutions are still trying to get a foot in the door of this new asset class. Politics and fear of loosing financial power is simply just slowing down the inevitable rise of blockchain/crypto technologies.

[@cryptoinvesto]

Thanks for the video James

[@steviegwhizz345]

I think that every country will have it's own stable coins that don't leave their country, then there will be other coins that are interoperable with each countries stable coins that can cross borders.

[@lindarazxe22]

Shame on them

[@SermonGregory]

Thanks for continues updates! I am super excited about how my stock investments is going so far, making over $13k every week is an amazing gain🥰

[@TheAffiliater]

dude, you don’t know what you are talking about!!! Is the UK a government paying you to spread falsehoods ? In Dubai you can buy a House or Car with Crypto and your coffee etc. The UAE are a Hub for personal freedom and the best Country in the World by a long way.

[@SHAIBUFRIDAY-qp4tn]

Интересно, спасибо. Сорри, что не по теме, такой вопрос, как перекинуть USDT с OKX кошелька на бинанс? Кроме сид фразы ничего: head isolate sound end kit industry choice festival limit stable dolphin derive. Можете расписать как правильно это делается?

[@jugjones3210]

Wow I’m guessing a lot of crypto millionaires will start to leave in regards to this. I guess they have done this so when investors sell in the UAE to convert to stablecoins tax free it’s will be in there currency. Very clever really. Get investors over there and then change things 🤔🤔

[@Zale370]

It's not clever it's an outright scam!

[@dineshmistry8902]

amazing how tradfi are still choking the crypto sector

[@jugjones3210]

@@Zale370 o I totally agree but if your them there rubbing there hands together so you could say they are clever but devious at the same time

[@Andy-se4sl]

Thanks James

[@nazdabner2685]

I am seeing negative comment he US dollar is full of debt. It’s not good a country that has debt. UAE doing good thing protecting people and the investor.. Dollar is dead / petrol dollar is history

[@maichaig]

All going to gold silver and crypto so don't worry

[@fukuoka4603]

Only XRP. Love ❤️ it.

[@Peterogen]

❤❤

[@noelg9795]

CBDC can be easy to short for other CBDC what is less in supply.

[@ssejjdelorenz3152]

Sensationalistic

[@libra211061]

your spreading false information

[@hkaabi319]

Definitely, no country with good economy will allow the use of other currencies inside the country itself, imagine paying by Dirhm for a cup of coffee in LA ?! 😂 ,,, how crypto trading is definitely something else and allowed in UAE

[@TheMrspring]

Others countries will pick up the slack ten fold

[@UmarAbid]

disappointing i gess ill have to find another place to stay then in feature

[@alviolampis]

You cant ban cripto... that's why cripto's are winning...

[@cryptokingpinlife8399]

What’s cripto?

[@alviolampis]

@@cryptokingpinlife8399 you say cryptography we cay criptografia 8)

[@user-np8gw5vy6v]

All i have is BITCOIN..