Crypto Exchange FTX Wins License, Plans Regional HQ in Dubai

[troubled soul]

Crypto Exchange FTX Wins License, Plans Regional HQ in Dubai

FTX, a major cryptocurrency exchange, said it received a virtual-asset license in Dubai and will set up a regional headquarters in the city.

www.bloomberg.com

Crypto Exchange FTX Wins License, Plans Regional HQ in Dubai​

 

[CaptK]

It will be regional to start with and then the main HQ eventually. There are incentives being given by the government which in turn will bring more people to live in Dubai. This will also make them more competitive in regards to the region.

 

[Bill D]

Is it/will it be mandatory for exchanges to get a license to be able to serve UAE residents ? (exchanges without license cannot be used in UAE ?