United

Dubai

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/brevan-howard-highlights-uaes-supportive-crypto-regulations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brevan Howard Highlights UAE’s Supportive Crypto Regulations</a><br></p>
<p style="text-align: justify">Ryan Taylor from hedge fund Brevan Howard stated that the United Arab Emirates’ (UAE) sensitive approach to <a href="https://en.coin-turk.com/coingecko-acquires-zash-a-game-changing-move-in-the-crypto-industry/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> regulations has transformed the country into a leading hub for <a href="https://en.coin-turk.com/the-current-situation-in-the-cryptocurrency-market-highlighted-cryptocurrencies-of-the-day/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> asset transactions.</p>
<h2 id="uae-regulators-strategy">UAE Regulators’ Strategy</h2>
<p style="text-align: justify">According to Reuters, Ryan Taylor, the compliance officer for Brevan Howard, which manages $35 billion in assets, expressed during the AIM Conference in Dubai that UAE regulators want <a href="https://en.coin-turk.com/turbulent-cryptocurrency-market-witnessing-major-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> to “thrive.”</p>
<p style="text-align: justify">Brandon Robinson, Vice President of Private Markets at JPMorgan Asset Management, confirmed the abundance of crypto opportunities in the UAE. The UAE stands out as the most lenient country in the region concerning cryptocurrency regulations. Many crypto companies are relocating there, isolating themselves from the risk of facing absurd lawsuits similar to those in the U.S. The U.S. has yet to establish comprehensive regulations for cryptocurrencies, offering insufficient guidance to companies. While regulators contend that existing laws apply to crypto companies, they provide no clarity on compliance or interpretation.</p>
<h2 id="dubai-financial-centre-s-perspective">Dubai Financial Centre’s Perspective</h2>
<p style="text-align: justify">Jonathan Beardall, head of asset and wealth management at the Dubai International Financial Centre Authority, shared similar views.</p>
<blockquote style="text-align: justify">
 <p>“UAE regulators may be strict, but they want to support the industry and thus write sensible regulations.”</p>
</blockquote>
<p style="text-align: justify">Beardall noted that there are 65 hedge funds in Dubai, with the number expected to rise to 70 in the coming weeks. This increase demonstrates the high growth potential of the UAE in cryptocurrency markets.</p>
<p style="text-align: justify">Dubai’s stable and flexible regulations provide an attractive environment for investors. The UAE’s approach to cryptocurrency is considered a significant step toward becoming a regional leader in the crypto world.</p>
<p>The post <a href="https://en.coin-turk.com/brevan-howard-highlights-uaes-supportive-crypto-regulations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Brevan Howard Highlights UAE’s Supportive Crypto Regulations</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Brevan Howard Highlights UAE’s Supportive Crypto Regulations

Table of Contents

COINTURK NEWS

Other articles published on Oct 23, 2024

Three Fasqon Features You Won’t Find in Any Other Messenger

Top 7 AI Crypto Coins & Tokens to Keep an Eye On in 2024

New Solana Memecoin Musk to Mars (MUSKMARS) Will Skyrocket 16,000% Before Exchange Listing

Ripple CTO Mocks SEC With Recent Tesla-Themed Tweet: Details

Crypto’s Fairshake PAC readies $40M in final US election blitz, after $140M spent on Congressiona...

Qubetics, VeChain, and TRON: Analyst Predictions and Innovative Blockchain Solutions

Join our free newsletter for daily crypto updates!