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- Dubai – Wael Al-Lababidi
Dated:
July 23, 2019
Abdullah Al Suwaidi, executive director of strategic planning at Noor Capital, said: "The investment company is building a platform based on Block Qin, pioneering and integrated with Noor Capital's trading platforms, allowing the investor to trade on the international markets via a single trading account.
Al-Suwaidi said in an exclusive statement to the economic statement that the legalization of digital badet issuance (OIC), which generates a daily business turnover of about 94 billion dollars with exchange of margin, encourages more investment in the technology sectors in the UAE markets and strengthens the position of the UAE as a financial center And provides an integrated system in the UAE market able to keep pace with changes in the world of meritorious financial technology.
He explained that the decision of the securities and commodities authority to regulate the issuance of digital badets and the recognition of securities was a step forward for domestic and foreign investors and allowed an important step in badet identification and organization of their versions, thereby creating the legislative structure necessary for the circulation of these digital badets. WATER in a transparent and secure way, respecting the rights of investors.
Trust for traders
"I think the digital currency market will record gains in the coming years for a number of reasons, including increased demand for digital currencies by companies and Facebook's announcement for its currency. "said Al Suwaidi. "Digital Scale", all of these reasons will take the digital currency market to another realm of ups and downs.
Falling currency prices, including 60% of total trading volume, have not affected traders' confidence in digital badets: if the market value has dropped to $ 700 billion, digital investors are optimistic.
The digital currency market is a large and promising investment market that is attracting significant investment despite major challenges related to licensing, legislation and the transfer of funds.
The risk
Al-Suwaidi stressed that investors should keep an eye on the high risks badociated with digital currencies as new investment instruments because they are completely different from equities, bonds and global currencies and invest through entities or reliable advisors.
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