AnexecutivefromhedgefundBrevanHowardsaysthattheUnitedArabEmirates’(UAE)sensibleapproachtocryptoregulationsismakingthecountryatopregionfordigitalassettrading.
AccordingtoanewreportfromReuters,$35billionhedgefundBrevanHowardgroupheadofcomplianceRyanTaylortoldtheAIMConferenceinDubaionMondaythatregulatorsintheUAEwantcryptoto“fly.”
“TheregulatorsintheUAEarehard,buttheywanttheindustrytoflyandsotheywritesensibleregulationsandtheyarepreparedtotalktotheindustryinordertoevolvethoseregulations.”
AlsoattheeventwasBrandonRobinson,deputyheadofprivatemarketsatJPMorganAssetManagement,whoconfirmedthatcryptoopportunitiesareabundantintheUAE.
“We’realsoseeingnewopportunities,suchasthosethatarehappeninghereintheUAE,whetherit’sfromtheequitymarketorotheropportunities,andwe’rereallyallexcitedaboutthat.”
ThesamesentimentswereechoedbyJonathanBeardall,headofwealthandassetmanagementattheDubaiInternationalFinancialCentreAuthority(DIFC).
“Thegrowthhasbeenunprecedented.Wethoughtthegrowthwasuplastyear.It’sbeenjustthesameagain.”
AccordingtoBeardall,theUAE’scapitalcity,Dubai,boasts65hedgefunds,anumberthatisexpectedtogrowto70inthecomingweeks.
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dailyhodl.com