Crypto firms now able to set up in Dubai free zone
- Thread starter troubled soul
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Not sure what banks in Dubai would work with such future crypto freezone firms. Also not sure which international banks would even respect a DMCC Crypto license 😕.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Just talked to banker today about this - forget about Dubai banks for such a license.
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Why not? In which other country have been issued a license for crypto asset trading (for example for a legally authorized STO)?
https://landing.dmcc.ae/cryptovalley
As I see that , It is only for blockchain and crypto space .
Not for Crypto to fiat solutiuon.
Suitable for those business where there is no bank account require.
Businesses which works with only crypto.
Waiting for more update.
May be some time after they stop issuing this license. Who know future?
As I see that , It is only for blockchain and crypto space .
Not for Crypto to fiat solutiuon.
Suitable for those business where there is no bank account require.
Businesses which works with only crypto.
Waiting for more update.
May be some time after they stop issuing this license. Who know future?
Exactly.
And for such a venture you can incorporate nearly everywhere - even the Seychelles already introduced blockchain audits for digital assets.
Hopefully not many people that are looking for Crypto to Fiat cashout solutions get misleaded and endup without having any bank account.
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