The Financial Services Regulatory Authority (FSRA) of the UAE regulates the operation of blockchain and cryptocurrency projects.
Its mission is to monitor cryptocurrency-related businesses in order to deter money laundering and financing terrorism. If you're planning to start a business that deals in cryptocurrency in the UAE then you must apply for an DMCC cryptocurrency license. This license is required to conduct business within the zone of free trade. It gives you the confidence that your business is legally and ethically sound.
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