KatanaBlade
Fri Jun 07 2024
|
6 answers
1222
Is crypto regulated in Dubai?｜Licensing Requirements: . These licenses are issued to exchanges, wallet providers, and other businesses involved in cryptocurrency trading. To operate a cryptocurrency business in the UAE, companies must obtain a license from the SCA
Could you please elaborate on the regulation of cryptocurrencies in Dubai? I'm particularly interested in understanding the licensing requirements. I've heard that these licenses are granted to exchanges, wallet providers, and other crypto-related businesses. Is it accurate that to conduct a cryptocurrency business in the UAE, it's mandatory for companies to secure a license from the SCA? Could you further explain the process of obtaining such a license and any other relevant regulations that companies need to comply with?
