Crypto licensing regime in the UAE | j. awan & partners and Charltons | 6 October 2022

UAE is one of the fastest-growing cryptocurrency markets in the world. The regulatory regimes in Dubai, Abu Dhabi and the wider UAE provide several options for crypto firms to explore and positions the UAE as a regional and global destination for the virtual assets sector.

The webinar focuses on UAE’s current legal framework governing crypto activities as well as the procedure and requirements of obtaining a crypto license.

Speakers:
Jehanzeb Awan, Founding Partner & CEO of j. awan & partners: https://www.jawanpartners.com/about-us/our-team/jehanzeb/

Dapo Ako, Managing Director & Head of Abu Dhabi Consulting Practice of j. awan & partners:
https://www.jawanpartners.com/about-us/our-team/dapo-ako/

Moderator:
Julia Charlton, Founding Partner of Charltons:
https://www.charltonslaw.com/the-firm/people-culture/team-profile/julia-charlton/

#UAEcryptocurrency #UAEcryptorequirements #cryptocurrencyregimeinUAE

Timecodes:
00:00 Julia Charlton's welcome speech
05:30 Jehanzeb Awan about Introduction to the United Arab Emirates (Background)
16:06 Dapo Ako about Regulatory Regimes - Abu Dhabi Global Market (ADGM)
25:31 Dapo Ako about Regulatory Regimes - Dubai World Trade Centre
28:18 Dapo Ako about Regulatory Regimes - Dubai International Financial Center
30:17 Dapo Ako about Regulatory Regimes - UAE Mainland
37:23 Jehanzeb Awan about different regulators
40:30 Dapo Ako about comparison of the regulatory approach in the UK and in the UAE
43:05 Dapo Ako about how long would it take to set up a crypto broker or exchange in each of the main jurisdictions
49:06 Jehanzeb Awan about how long would it take to open a bank account
51:47 Dapo Ako about rough cost of applying of crypto exchange license
54:00 Jehanzeb Awan about Sharia compliance
55:50 Jehanzeb Awan about ownership structure required to operate in the UAE
57:09 Dapo Ako about how are NFTs generally categorized in the UAE
59:40 Dapo Ako about pipeline for 2023 in relation to VASP frameworks in the UAE
1:03:10 Julia Charlton's closing remarks

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