RATE Group | Al Zarooni Group, Crypto Bulls launch cryptocurrency exchange
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Al Zarooni Group, Crypto Bulls launch cryptocurrency exchange

31 Oct Al Zarooni Group, Crypto Bulls launch cryptocurrency exchange

Posted at 18:51h in Cryptocurrency News by

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Al Zarooni Group and Crypto Bulls have joined hands to launch the Crypto Bulls Exchange, the first official cryptocurrency exchange to be registered in the UAE.

The Crypto Bulls Exchange will also be the first crypto exchange in the GCC after this merger is implemented and in adherence to regulations announced by the Abu Dhabi government for initial coin offerings (ICOs) and digital assets.

Suhail Al Zarooni, chairman, Al Zarooni Foundation, has collaborated with Crypto Bulls and Gulf Coin Gold (GCG) for the joint venture. The memorandum of understanding (MoU) was signed between Al Zarooni and Shasha Gupta and Madhu, co-founders of Crypto Bulls Exchange.

In a bid to become a pioneer in blockchain technology, the UAE has launched the UAE Blockchain Strategy 2021, pursuant to which 50 per cent of government transactions will be conducted using blockchain technology by 2021. To solidify its vision, the nation recently issued regulations on the use of crypto assets, including…

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