Will Dubai’s Digital Asset Regulation Function As A Magnet For Indian Crypto Startups?


March 10: With key players like Binance being on the verge of shifting their business to Dubai, the new regulation pertaining to digital assets would accelerate the growth of crypto industry in the emirate. The main objective behind this regulation is to create a framework which aims to protect investors and provide international guidelines that will facilitate growth in Dubai.

An independent authority has been established to supervise the creation of the world’s greatest virtual asset business environment in terms of legislation, licensing, governance, and alignment with local and global financial systems.

What does this mean for Indian crypto startups who are still facing regulatory issues in their own land? According to Advocate P.M. Mishra, founder of Finjuris Counsel FZ-LLC, UAE and Finlaw Consultancy Pvt. Ltd, India, it is expected that a major chunk of Indian crypto startups would move their business to Dubai due to the regulatory ambiguity regarding cryptocurrency industry in India. Considering the amount of people and businesses venturing into the crypto industry, his would cause a huge loss to the Indian digital asset industry as most of the revenue earned by Indian crypto startups would remain in Dubai.

Apart from that, the geographical location of Dubai is a lot more favorable due to the distance between India and UAE. This increases the ease of conducting business. To retain businesses in nexus with the crypto industry, it is very important for the government of India to take a proactive decision of bringing in an effective legislation to promote the interests of investors as well as entrepreneurs who wish to explore the arena of virtual digital asset industry.

It is high time that the government sheds clarity on its stand regarding cryptocurrency and regulates the market and its players in a manner that ensures both safety and profitability. There must be no room for exploitation of investors in the cryptocurrency space, says Advocate P.M. Mishra. (Finlaw Consultancy)

22 thoughts on “Will Dubai’s Digital Asset Regulation Function As A Magnet For Indian Crypto Startups?

  1. This is very interesting, You’re a very skilled blogger. I’ve joined
    your rss feed and look forward to seeking more of your wonderful post.
    Also, I’ve shared your site in my social networks!

    Feel free to visit my website … Winslot88

  2. I’m usually to running a blog and i actually respect your content. The article has actually peaks my interest. I am going to bookmark your site and preserve checking for brand spanking new information.

  3. I?¦m not sure where you’re getting your information, but great topic. I must spend a while studying much more or working out more. Thank you for fantastic information I used to be on the lookout for this information for my mission.

  4. Attractive part of content. I just stumbled upon your weblog and in accession capital to claim that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing on your feeds and even I fulfillment you get entry to persistently fast.

  5. Oh my goodness! an incredible article dude. Thank you Nevertheless I’m experiencing situation with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting equivalent rss drawback? Anybody who is aware of kindly respond. Thnkx

  6. Hmm it looks like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything. Do you have any tips for newbie blog writers? I’d genuinely appreciate it.

  7. Thanks for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more clear from this post. I am very glad to see such fantastic information being shared freely out there.

  8. I do consider all the ideas you have presented for your post. They are very convincing and will certainly work. Nonetheless, the posts are very short for starters. Could you please lengthen them a bit from next time? Thank you for the post.

Leave a Reply

Your email address will not be published.