An executive from hedge fund Brevan Howard says that the United Arab Emirates’ (UAE) sensible approach to crypto regulations is making the country a top region for digital asset trading.
According to a new report from Reuters, $35 billion hedge fund Brevan Howard group head of compliance Ryan Taylor told the AIM Conference in Dubai on Monday that regulators in the UAE want crypto to “fly.”
“The regulators in the UAE are hard, but they want the industry to fly and so they write sensible regulations and they are prepared to talk to the industry in order to evolve those regulations.”
Also at the event was Brandon Robinson, deputy head of private markets at JPMorgan Asset Management, who confirmed that crypto opportunities are abundant in the UAE.
“We’re also seeing new opportunities, such as those that are happening here in the UAE, whether it’s from the equity market or other opportunities, and we’re really all excited about that.”
The same sentiments were echoed by Jonathan Beardall, head of wealth and asset management at the Dubai International Financial Centre Authority (DIFC).
“The growth has been unprecedented. We thought the growth was up last year. It’s been just the same again.”
According to Beardall, the UAE’s capital city, Dubai, boasts 65 hedge funds, a number that is expected to grow to 70 in the coming weeks.
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