DBEX, World’s First Physical Digital Asset Exchange Located in the Planet’s Tallest Building, Completes Pre-A Round Of Investment

DBEX aims to create a brick-and-mortar exchange modeled on NASDAQ for digital assets   DUBAI, United Arab Emirates – Dubai International Digital Asset Exchange, or DBEX, today announced the completion of a pre-A round of investment from 19 leading global and Chinese investors including Sino-Burmese Fund, Hanfor Capital Management and Shangshan Wealth and Investment.     The pre-A round investment is worth hundreds of millions of RMB. It is one of the largest such investments for a new blockchain project in recent months.   The significant investment marks an important…

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Dubai Embraces Cryptocurrency and Blockchain Technology

In 2016, Dubai government drew a line in the sand when they delivered their Blockchain Strategy which will make Dubai the first blockchain powered government asserting themselves as a global technology leader.       “Adopting Blockchain technology Dubai stands to unlock 5.5 billion dirham in savings annually in document processing alone — equal to the one Burj Khalifa’s worth of value every year.”   The commitment is to have all government document processing on the blockchain by 2020.   Towards the end of 2017, Dubai signed a deal to…

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