Do I need special license in UAE to accept crypto payments
- Thread starter HundHond
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I basically run a marketing company with trading activities like blogging services, internet consultancy and marketing services via social media. Do you know if I can sell membership courses such as my Telegram (SOL Free Airdrop) channel? People pay to join this channel in crypto. Can I involve these sales in my company?
If you want to be sure, it's best to ask a lawyer.
It doesn't sound like an activity that would require a license. The airdrops can be a little questionable, but if it's only a small part of your business and you're mostly helping people/companies with marketing︀ and social media campaigns, for example, accepting payment in crypto would not ordinarily be a︁ regulated activity requiring a license.
It doesn't sound like an activity that would require a license. The airdrops can be a little questionable, but if it's only a small part of your business and you're mostly helping people/companies with marketing︀ and social media campaigns, for example, accepting payment in crypto would not ordinarily be a︁ regulated activity requiring a license.
I mainly sell trading ideas as many people find my trades excellent. People message me on Telegram that they want to join my group. I reply to them and they receive a crypto address to make payment, usually Litecoin. After payment, I need a screenshot, and I add︀ them to the group. The group generates 2-3 million USD annually. The question now is︁ more or less what kind of license is needed for this and can I carry︂ out this activity with my current activities? I can create a new telegram account and︃ name the account with the same name of my company and start writing invoices for︄ ‚Social Media Consulting‘ as example
which is︁ clearly not the case now. (The first part is from above seems ok however)
People really do buy and pay for this? And do you call it "this is not︂ financial advice" making an O face as well?
This is treading in pretty hot water︃ right here. 😉
People really do buy and pay for this? And do you call it "this is not︂ financial advice" making an O face as well?
This is treading in pretty hot water︃ right here. 😉
Since Im in Dubai for a while, I know very well what it is. Hot water, could even be eligible for a vara venture down the line.
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You should︁ be asking a lawyer these questions. The more detail you reveal, the more it starts︂ to sound like it might be a regulated activity. But if all people do is︃ buy information from you and you make it clear that you're not offering investment advice,︄ it might be fine. It depends on how you phrase things and structure the flow︅ of information. In some jurisdictions, that you do could be construed as investment advice which︆ might require a license, registration, or other approval/supervision action.
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