Crypto firms now able to set up in Dubai free zone

[troubled soul]

Crypto firms now able to set up in Dubai free zone

The Dubai MultiCommodities Centre (DMCC), a free zone dedicated to commodities trade and enterprise, will establish a regulatory framework for businesses o..

www.khaleejtimes.com

 

[petal355]

is this licence for daytraders who trade their own balance or only for platforms/icos etc ?

 

[Martin Everson]

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 .

 

[Fred]

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 .

Just talked to banker today about this - forget about Dubai banks for such a license.

 

[EuroKiss]

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 .

Why not? In which other country have been issued a license for crypto asset trading (for example for a legally authorized STO)?

 

[troubled soul]

Join the DMCC Crypto & Blockchain Ecosystem | DMCC

Set up a business in DMCC's Crypto and Blockchain Ecosystem, a global hub driving the development, trade, and exchange of digital assets.

landing.dmcc.ae

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?

 

[Fred]

Join the DMCC Crypto & Blockchain Ecosystem | DMCC

Set up a business in DMCC's Crypto and Blockchain Ecosystem, a global hub driving the development, trade, and exchange of digital assets.

landing.dmcc.ae

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.

 

[EuroKiss]

Do anybody knows which is the best license for a STO? I mean, with clear legal path for security tokenization for physical assets?