BitOasis Update: Payment Options & Banking

We have been able to confirm the extension of deposits and withdrawals in AED for our customers until June 4th. All other features for buying, selling and trading digital currencies including consumer wallet functionalities will remain unaffected and operational past June 4th, along with the withdrawal of digital currencies into external wallets. At present, we are working hard on providing alternative payment options ahead of June 4th, which we hope will be satisfactory to our customers.

As the largest and fastest growing blockchain company in the Middle East, we’re committed to providing the best and most secure exchange platform for our customers. We strive every day to improve our services in order to meet the growing demand of our customers. The blockchain and digital currency industry is still in its infancy stages of development within the region and therefore relies on close collaboration between companies such as ours, financial institutions, and regulatory bodies to grow and flourish. We are at the forefront of the blockchain movement with providing our customers across the Middle East with an easy and secure way to buy, sell and trade digital currencies. Being at the forefront of such fast-growing and emerging technology, we face new challenges as we try to grow and educate all stakeholders in the market. We have been able to consistently overcome all challenges in the past, and we have continued on providing our services without interruption to all our customers. We are closely working with financial regulators locally in the UAE and across the GCC region and have received positive reception to supporting innovation in the blockchain and digital currency space. The cooperation and positive reception we have been receiving from regulators is a testament to the UAE’s openness to technological innovation and its leadership’s continued commitment to technology and entrepreneurship.

Since our establishment, we’ve been committed to working hand-in-hand with all stakeholders to grow our industry and we always remain transparent and responsive to our customers.