With the aim of strengthening international cooperation and promoting sustainable development, Venezuela signed an agricultural agreement with representatives from Dubai and Switzerland.

The signing was carried out through the Ministry of the Social Process of Labor (MPPPST), the Ministry of Industries and National Production (MPPIPN), and the International Center for Productive Investment (CIIP) of Venezuela.

The CIIP stated that “this agreement seeks to guarantee food security, promote sustainability, and optimize the production and marketing of grains, with a focus on innovation, market expansion, and global distribution. It will also promote the development of healthier and more affordable products for consumers.”

At this meeting, a contract was also signed for the “reactivation of a plant dedicated to the manufacture of household cleaning products, located in the state of Aragua, to guarantee the supply of these products to the Venezuelan market for the next 10 years.”

M.Pino

Source:  globovision

(Reference image source: Marta Ortigosa on Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Venezuela signed an agreement with Dubai and Switzerland on agricultural cooperation apareció primero en Bitfinance.

In a change of position towards cryptocurrencies, the Dubai Court of First Instance has recognized these digital assets as means of payment for salaries.

With this decision, the judicial body shows a shift towards a progressive change with respect to cryptocurrencies in the United Arab Emirates, where until 2023 they were considered to lack a precise valuation.

This was stated by Irina Heaver, partner at the United Arab Emirates law firm NeosLegal, who referred to “the ruling in case number 1739 of 2024” in comparison to the situation a year ago.

According to Heaver, in the case an employee had filed a lawsuit “alleging that the employer had not paid his wages, wrongful dismissal compensation and other benefits. The worker’s employment contract stipulated a monthly salary in fiat and 5,250 in EcoWatt tokens. “The litigation has its origins in the employer’s inability to pay the token portion of the employee’s salary within six months.”

In reference to the litigation, it is important to note that last year the court recognized the inclusion of EcoWatts tokens in the contract. However, it was indicated that the payment was not made in cryptocurrencies since the worker “did not provide a clear method to value the currency in fiduciary terms.”

Inclusive salary approach on the path to the digital economy

Heaver clarified that in 2024, the court ordered the payment of the crypto salary according to the employment contract without converting it into fiat. “This decision reflects broader acceptance of cryptocurrencies in employment contracts and highlights the court’s recognition of the evolving nature of financial transactions within the Web3 economy.”

The lawyer also stressed that the court’s reliance on the UAE Civil Transactions Law and Federal Decree-Law No. 33 of 2021 in the two rulings is an example of the consistent application of legal principles in determining salaries.

With this precedent, it is possible to foresee an increase in the adoption of digital assets in everyday financial transactions in the UAE, with a more inclusive and innovative salary approach, strengthening the legitimate right of employees to pay their income in fiat or cryptocurrencies, according to the current legal framework.

M.Pino

Source: cointelegraph

(Reference image source: Unsplash+, in collaboration with Getty Images)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Dubai recognized cryptocurrencies as valid salary payment apareció primero en Bitfinance.

Cryptocurrency trading platform Binance FZE recently received the Virtual Asset Service Provider (VASP) License from the Dubai Virtual Asset Regulatory Authority (VARA).

With this license, the exchange will be able to expand its service offering in Dubai, where it has operated since 2023 through the initial issuance of the Minimum Viable Product (MVP) License in July 2023, this marks a significant milestone for Binance and the global landscape of virtual assets.

Under this VASP License, Binance FZE is authorized to “expand its product offering to the retail market alongside qualified and institutional investors. Individual clients can now access a wide range of digital asset products and services, including spot trading, margin trading and staking, the widest range of regulated virtual asset services available not only in the UAE, but also throughout the world.”

Market coverage in Dubai now goes beyond “spot trading and fiat services. Instead of simply expanding the selection of tokens, users will be able to rely on a greater variety of exchange services.”

It was learned that Binance FZE will offer personalized services such as Simple Earn, will introduce new options through its lending and borrowing services, including virtual asset loans. On the other hand, management and investment services will allow users to take advantage of possibilities such as ETH Staking, BNB Vault and Launchpool to amplify the profit potential of their digital assets.

Without a doubt, the issuance of the VASP License is a major step forward in opening up UAE users to have access to a regulated platform for the entire spectrum of digital asset products and services.

Alex Chehade, general manager of Binance FZE, stressed that this is a very important achievement and that Dubai is a “visionary city, which recognizes and embraces the financial potential that blockchain technology offers#”.

M.Pino

Source: cripto247

(Reference image source: Kanchanara in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Binance expands offering in Dubai apareció primero en Bitfinance.

The United Arab Emirates will soon be able to boast the first Bitcoin Tower. It is a 40-story hotel that will be in the form of cryptocurrency.

A Dubai developer recently unveiled “blueprints for the world’s first Bitcoin (BTC) Tower. The project intends to demonstrate the importance of digital assets and cryptocurrencies, coinciding with the next meeting of COP28 in Dubai”.

Behind the project to achieve this striking work is the engineer Salvatore Liggiero, who has stressed that it will be “the first of its kind.” Advanced technologies and materials that comply with environmental regulations will be used in construction.

According to Leggiero, this will be “the first hotel that returns the money you paid, plus interest.”

The work represents an ambitious initiative that seeks to encourage participation. Likewise, it is a tool to reach the people more directly and offer them information about cryptocurrencies. “Artists, architects, creatives, and cryptocurrency enthusiasts are encouraged to submit their works to real estate developer Leggiero.”

According to the Bit2me portal, the Bitcoin Tower will allow the integration of “blockchain technology, Artificial Intelligence and other emerging technologies to reward its users. One of the protagonists of the Bitcoin Tower will be non-fungible tokens (NFTs). Leggiero explained that the building will reward its guests with NFT tokens that will be used to unlock exclusive access to several of its services.”

M.Pino

Source: cripto247

(Reference image source: ZQ Lee, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Dubai to build the world’s first Bitcoin Tower apareció primero en Bitfinance.

Real Madrid will have its own theme park at the end of next year, 2023, after having reached an agreement with Dubai Parks and Resorts to open one in the Middle East, which represents another step in the international expansion of the club and to “enjoy the culture of the best football team in the world”.

“Real Madrid and Dubai Parks and Resorts signed an agreement for the opening of the first Real Madrid theme park in the Middle East. This new experience will allow families and all football and sports fans, regardless of their age, to enjoy the culture of the best soccer team in the world,” the Spanish soccer club said in a statement.

The 14-time European champion, who pointed out that the opening of this theme park “is scheduled for the fourth quarter of 2023“, adding that the recreational facility “will include different attractions related to Real Madrid, such as a museum, mechanical games and soccer skills and points of sale for souvenirs from the great history” of the merengue team.

“Visitors will have the opportunity to live interactive experiences, enjoying unique games and attractions inspired by the spirit, passion and success that make Real Madrid the best club of the 20th century,” the statement added.

For his part, Fernando Eiroa, CEO of Dubai Holding Entertainment, made it clear that they are “delighted” that the club chaired by Florentino Pérez has chosen Dubai Parks and Resorts “as its partner” in its process “of bringing the best international entertainment brands to the region”.

“Real Madrid is a megastar of world football, with an unrivaled record of success and millions of passionate fans in all corners of the planet,” recalled the Spanish manager.

K. Tovar

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: Bloomberg

La entrada Real Madrid will have its own theme park apareció primero en Bitfinance.

The city of Dubai, part of the United Arab Emirates, now has an entity that will be in charge of supervising the cryptocurrency space for the issuance of them.

For a year now, city regulators have been working on creating a legal framework with the aim of attracting foreign investment in the area.

The Dubai Virtual Assets Regulatory Authority (VARA), the city’s dedicated digital asset regulator, announced new regulatory guidelines on virtual asset marketing, advertising, and promotions on August 25.

These guidelines fall within the communications related to digital assets, and all entities that publish information about it on Dubai websites.

In the rules, VARA referred to all forms of disclosure, communications and advertising, information dissemination, awareness raising, customer engagement, investor solicitation, and others.

VARA noted that the new guidelines relate to Dubai’s crypto-focused Minimum Viable Product (MVP) license.

K. Tovar

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: DiarioBitcoin

La entrada Dubai creates rules for the issuance of cryptocurrencies apareció primero en Bitfinance.

The companies Paradise Hills, dedicated to real estate and ThreeFold, a blockchain developer, formed an alliance to create the largest decentralized Internet cloud network in the world powered by blockchain, destined for the approximately 170 households of Paradise Hill in Dubai and will be known as the “first neighborhood cloud network” in the world.

The main objective of the business alliance between these companies is to provide residents, organizations, developers and government agencies with an “unprecedented sovereign cloud infrastructure”, guaranteeing its “security and high availability for the storage and processing of local data”.

According to the information provided, all private home owners will have a dedicated server, called 3Nodel, capable of providing “edge computing and Internet storage to run decentralized applications and services.”

Dubai: autonomous and intelligent metropolis

The initiative of these companies will make it possible to execute the first development of a global smart and autonomous city. Bringing decentralized internet infrastructure to property owners enables Dubai to become the first sovereign and smart metropolis in the UAE and the world.

ThreeFold co-founder Adnan Fatayerji explained that this development will be the first pilot test that ThreeFold will run, in a series of initiatives that the company has planned with the aim of spreading the digital horizon in the United Arab Emirates (UAE).

M. Rodríguez

Source: bitcoin.es

La entrada Dubai to host the biggest decentralized internet cloud network apareció primero en Bitfinance.

The digital transformation initiated by the Government of Dubai in 2018 has culminated and with this the country becomes the first in the world to be 100% paper-free. The information was released on December 11 by the crown prince of this emirate, Hamdan bin Mohamed bin Rashid.

“We are proud to announce that, today, the Government of Dubai has become the first government in the world free of papers,” the crown prince noted on Twitter, describing this achievement as a milestone that “consolidates the emirate as an example. to continue in the development of integrated digital services.“

Dubai is paper free

In 2018, the “Dubai Paperless Strategy“ was launched, comprising five phases, with the purpose of achieving the transformation of various government agencies in the emirate. In 2021 they have reached the goal.

In this process, 45 government entities are added that have reduced paper consumption by more than 336 million sheets, which translates into savings of 1.3 billion Emirati dirhams (about 354 million dollars).

It is important to note that this digital transformation in Dubai also has an impact on the workplace, since it has meant “a cut of 14 million hours of work for government employees, thanks to the automation of processes.”

“Today represents the beginning of a new stage on Dubai’s path to digitize life in all its aspects and guarantee consumer happiness,” Hamdan bin Mohamed emphasized.

M.Pino

Source: swissinfo

La entrada Dubai becomes the world’s first paperless government apareció primero en Bitfinance.

Dubai’s Financial Services Authority (DFSA) announced new measures for the regulation of investment assets, with the aim of improving the country’s digital crypto financial ecosystem.

The financial entity, in its regulatory framework, considers investment tokens as “value” or “derivative” and classifies cryptocurrencies as “value tokens“, which can be issued, transferred and stored using “Distributed technology Ledger Technology (DLT)”. In this sense, investors will have a legal framework to work with.

These measures are intended to protect investors and provide legal security to market operators, defining the type of investment tokens that will be allowed on the Digital Asset Exchange at the Dubai International Financial Center.

According to the DFA, cryptographically insured tokens are different from exchange or crypto. Thus, the regulatory body plans to establish other measures that allow the inclusion of “public service tokens” or those protected by “assets or stable currencies.”

Peter Smith, Managing Director, Head of Policy Strategy and Risk at DFSA, highlighted that creating an appropriate environment for innovative companies to prosper in the UAE is a top priority for both UAE governments and Dubai and DFSA.

This system is considered the first ladder for a new regulatory structure considered the first step for the Digital Assets Regime within Dubai, which recorded the applications and suggestions in a consultation document, which was carried out last March, when the DFSA inquired about the opinion of citizens about security tokens in order to regulate them.

The DFSA also highlighted that it is carrying out the procedures and investigations that allow it to generate measures for other assets that do not enter the framework of investment tokens, among which the following stand out: cryptocurrencies, utility tokens and stable currencies.

M. Rodríguez

Source: ezanime.net

La entrada Dubai releases regulatory framework for investment tokens apareció primero en Bitfinance.