A director at hedge fund Brevan Howard says the United Arab Emirates’ (UAE) sensible approach to crypto regulation makes the country a top region for digital asset trading.
According to a new report from Reuters, Ryan Taylor, head of compliance at hedge fund group Brevan Howard, told the AIM conference in Dubai on Monday that regulators in the UAE want crypto to ‘fly’.
“The regulators in the UAE are tough, but they want the industry to fly so they are writing sensible regulations and they are willing to talk to the industry to develop those regulations.”
Also present at the event was Brandon Robinson, deputy head of private markets at JPMorgan Asset Management, who confirmed that crypto opportunities are plentiful in the UAE.
“We also see new opportunities like those happening here in the UAE, whether it’s in the stock market or other opportunities, and we’re all really excited about that.”
The same sentiments were echoed by Jonathan Beardall, head of asset and wealth management at the Dubai International Financial Center Authority (DIFC).
“The growth is unprecedented. Last year we thought the growth was greater. It’s exactly the same again.”
According to Beardall, the UAE capital Dubai has 65 hedge funds, a number expected to grow to 70 in the coming weeks.
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