With the introduction of Web3, cryptocurrency has quickly become the talk of the town. The underlying blockchain technology is being hailed as a game changer for a variety of businesses. It’s no surprise that Dubai, a city that has always been ahead of the curve, is interested in bitcoin and has already taken the necessary steps. So, if you want to get a crypto license in Dubai, now is the time!
But, before we get deeper into the perks and procedure, let’s look at some figures that will demonstrate why obtaining a crypto license in Dubai may be incredibly beneficial!
The cryptocurrency and blockchain assignments in the UAE are governed and regulated by three authorities –
To obtain a license, you must follow the required protocols. The Crypto Assets Activities Regulations (CAAR), published by the SCA, outlines the regulations that all crypto-asset companies and individuals must follow. These include anti-money and anti-terrorist laws, with the requirements for robust monitoring of KYC and AML.
Talk to one of our Crypto Specialists to learn about the Crypto License and Get License Today