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Cryptocurrency License In Dubai

1 year ago

ID: #62886

Listed In : Business & Services

Business Description

The UAE is home to the largest crypto market in the Middle East, with a total transaction value of over $26 billion last year. Although the country does not have a specific law governing crypto, a recent announcement by the Dubai Media Office (DMCO) stated that the UAE will establish "rigorous standards" for investor protection and money laundering. Also, a crypto-based relief fund set up in India was routed through entities in the UAE. This move reflects UAE regulations which are more supportive of the conversion of crypto to fiat.

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