The exchange in Dubai (FZE) is now officially operational!

Abo Malak

Apr 16.

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Finally, it has happened! We have waited for an important event for the crypto world in our region - the launch of a crypto exchange in Dubai after receiving a license from VARA! Personally, I think it was high time to do this.

To be honest, the local authorities have delayed this decision for too long. Now we have our own licensed player, which should increase trust, although there are no guarantees of complete security, as we know, anywhere.

🔒 Local regulation = more trust?

With a local license, they now operate under direct supervision in Dubai. It is said that this will provide the highest level of security, but I wouldn't relax - regulators can also make mistakes.

What does it really give users in Dubai:

• ✅ Official recognition from the authorities ( although this does not always protect against problems )
• ✅ Simple transfers in local dirhams (AED)
• ✅ Access to over 300 coins with familiar functionality

🔄 Update KYC or lose access!

If you are from Dubai and received a notification - be sure to update your information by April 25, 2025! Otherwise, you will be blocked! Yes, they are not joking - the requirements are tightening.

After the update, you will be automatically redirected to the local platform. They promise that it will be preserved:

• 📧 Email
• 🔑 Password
• 🆔 User ID

🌍 And what about the other residents of the UAE?

If you live in other emirates - you will stay on the global platform for now. But you will also be forced to update your KYC for "compliance requirements". It seems that localization will soon reach you too.

🚀 This is just the beginning

The launch of FZE in Dubai is not just about bureaucracy, but an attempt to create something stable in our turbulent crypto environment. However, of course, where's the guarantee that a new "black swan" won't appear tomorrow?

So, what are you waiting for? Make up your mind!

If in Dubai - update your KYC right now! Delaying risks blocking.

Let's take a look together at what comes out of this. I'm cautiously optimistic, but I'm keeping my finger on the pulse.

📌 If you get confused with the KYC update, you can visit the help center or write directly to support.

#DubaiFZE #CryptoUAE #VARA #FutureOfFinance