Under the leadership of His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, over the past nine months, MBM has assisted the Company with local onshore sponsorship and licensing in the United Arab Emirates (UAE). MBM worked with NetCents to meet the qualifications and regulations laid out by the Dubai Economic Department and the Central Bank of the UAE.
"We thank NetCents Technology in choosing us as their local partner, and we wish this Joint Venture NetCents Payment Service Provider LLC, Dubai, success and growth in the region," stated His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum.
The Company is pleased to announce that it has obtained Dubai Economic Department PSP licensing and the blessing and review of the Central Bank of the UAE to conduct business.
MBM consistently identifies opportunities that add value and benefit the UAE economy. This partnership is no different, as MBM will play a significant role in extending the Company's reach and influence in the region. There are very few licensed cryptocurrency businesses operating within the UAE. Interest in cryptocurrency is growing in the region, and many experts believe that Dubai will become the next global cryptocurrency hub.
About MBM Groups
Established in 2006, MBM Group is a Dubai-based Royal family office and investment holding company with activities in investments, strategic advisory and social and community development. Initially growing into the UAE market as a venture capitalist, MBM...
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