Cryptocurrency Market

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United Arab Emirates

data-from-october-shows-gold-reserves-held-by-central-banks-tapped-the-highest-level-in-47-years

Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks …

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uae-now-requires-agents-to-report-real-estate-transactions-where-virtual-currency-is-used-as-payment

UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must …

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