How to get a Crypto License in Dubai?
In recent time, crypto currency has become very popular with people in general. Now lots of countries are accepting it, making it legal, and using it in day-to-day life as normal as regular currency. Crypto currency, If we try to put it into plain English, is a digital modern currency. In crypto currency, there is no involvement of a central bank. There is no need to pay an exchange rate. It’s peer to peer
system that can enable anyone, anywhere, to send and receive payment. The value of crypto currency in one country is the same as the value of crypto currency in another country.
2009 saw the creation of Bitcoin, the first crypto currency. The phrase “initial crypto currency” is another name for Bitcoin. Now, at present, in the market, lots of new crypto currencies have come up. Example’
Litecoin (LTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Ethereum Classic
(ETC)
Zcash (ZEC)
Stellar Lumen (XLM)
Bitcoin Satoshi’s
Vision (BSV)
Chainlink (LINK)
Choose the Jurisdiction to set up the company for crypto currency
What better place in the world than Dubai to start a crypto currency company? In Dubai, crypto currency commercial activity is now available in three free zones: DMCC, Dubai Airport Freezone Authority (DAFZA), and International Freezone Authority (IFZA).
The licensing and governing authority for all free zone regions will be the Dubai Virtual Assets Regulatory Authority (VARA). Currently, IFZA provides a license without any obstacles or additional requirements within 5 working days.
