Re: [XMR] Monero Speculation

Monero (XMR) futures go live on Dubai-based exchange
- Dubai-based crypto exchange has listed Monero futures as of 31 October.
- XMR futures product is the first of its kind to be traded out in the middle eastern region.

It is strange that a country like Dubai accepts Monero and they have a regulated exchange, promising development and do these exchanges have any regional restrictions to trade.

Why would be for Dubai strange, that exchanges would be allowed trade cryptocurrencies?

I think he means that the United Arab Emirates is not known for its love of freedom for its subjects.

https://en.wikipedia.org/wiki/Human_rights_in_the_United_Arab_Emirates

Dubai's economy is based upon tourism and trade, it has no significant oil reserves. Its economic model is dependent on tourism and being tax-tree and trade-friendly with relatively relaxed laws (particularly for wealthy westerners). So while it still part of the UAE, if anywhere in that part of the world was going to be crypto-friendly, it makes sense it would be Dubai.

Well i'm no expert on the region but none of that contradicts my statements. I guess if they put more weight on this supposed crypto tourism than they do on keeping a totalitarian grip on their populous then you have a point. i do hear you can buy gold in vending machines at the airport there.