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CoinCorner Partners With Seed Group To Facilitate Bitcoin Transactions In The UAE

British Bitcoin trading platform CoinCorner has entered into a relationship with Seed Group, a firm owned by Sheikh Saeed bin Ahmed Al Maktoum’s family office, to join the Dubai and Middle East crypto exchange markets.
CoinCorner Partners With Seed Group To Facilitate Bitcoin Transactions In The UAE 3

According to a statement issued, CoinCorner intends to provide a bitcoin trading platform enabling UAE citizens to trade Bitcoin. The Bitcoin trading desk also intends to provide crypto solutions for local firms.

The platform already supports transactions on the Lightning Network, one of the scaling solutions being developed for the Bitcoin network that allows for quicker and cheaper transactions.

The co-founder of CoinCorner, Danny Scott said:

“We are pleased to enter into a mutually beneficial partnership with SEED Group. The collaboration will help propel our business interests and goals in the MENA region through the group’s support and a strong base of regional connections. We are committed to making Bitcoin transactions the “new normal” in the UAE with the help of our unique solutions, facilitating instant and frictionless payments.”

CoinCorner Partners With Seed Group To Facilitate Bitcoin Transactions In The UAE 4

According to Seed Group’s release, the collaboration will lay the groundwork for CoinCorner to obtain the necessary regulatory clearance.

In March, Dubai established a new cryptocurrency regulatory agency. The UAE has also developed a licensing scheme for Bitcoin exchanges and other suppliers of virtual asset services.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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