Dubai-based gold trading company Regal Ra receives exchange license from government

Dubai-based gold investment and trading company Regal RA became the first company in the Middle East to obtain a government-backed cryptocurrency trading license.

Dubai gold trading Regal RA DMCC, Dubai Multi Commodities Center (DMCC) and allowed to store currencies of Bitcoin, Ethereum and other altcoins in its “cold wallet storage” in Almas Tower, Dubai. The building houses the headquarters of the large globally connected Free Zone and its headquarters, DMCC.

The first licensed company in the Middle East

Regal Assets DMCC Chairman Gerhard Schubert “DMCC, Middle East It is the only company in the world to hold a government-issued license to trade in cryptocurrencies and offers full market value insurance, which is unique in this type of investment.” The company said in a statement: “DMCC is one of the safest precious metals facilities in the world.. It has also added offline storage of all cryptocurrencies, where the company will sit alongside its physical gold stock.” said. DMCC said that cryptocurrencies will have all physical storage devices fully insured against theft, hacking or any natural disaster.

According to Tyler Gallagher, CEO of Regal Assets:

“There is a huge hack scare in cryptocurrency trading. Investors who hesitate to store their crypto investments in online wallets and exchanges will prefer Regal RA’s offline solution.. We have developed what we believe to be the number one safe way to invest in Bitcoin, Ethereum and other cryptocurrencies.”

Regal RA wants to open up to the world

With the company security structure, offline keys are “safe in a private wallet” printed in an environment and stored in a deep warehouse in the DMCC cellars”. With its commercial license, Regal RA adds that it will enable customers to buy or sell cryptocurrencies whenever they want.

Regal RA DMCC; Headquartered in United Arab Emirates, Canada, United States and Texas, it operates as a subsidiary of alternative asset firm Regal Assets. The company’s Dubai director, Ksenia Kiseleva, is working towards the development of a fully compliant and regulated cryptocurrency trading platform for the company. Additionally, Regal announced that they will also apply for cryptocurrency trading licenses in other countries around the world.

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