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