Encouraging the blockchain and cryptocurrency related business streams, developing the cryptoexchange platform is the main activity. After the realization of peculiar demands for the cryptoexchange, UAE government framed the legal policies dedicated to the cryptoexchange business.
As per the research, the number of cryptoexchange development companies available in the market are:
Bancambios Academy
InnBlockchain PVT Ltd
Sugar Promo
TaskBar
Belfrics
Evera
Quicktoken
Y-Tech Yakush Technologies
SolarfridX
TaskCoin
Among the above-listed cryptocurrency exchange development companies, InnBlockchain is the best and leading one. Development with the efficient and secure methods of trading or exchanging cryptocurrencies and the digital assets. Our skilled developers provide you a well-organized or risk-free cryptotrading services. Before that, you need to know the scope of the cryptoexchange platform in UAE.
As per the current situation, UAE does not claim any tax for cryptocurrency and trading-based business projects. Similarly, there is no taxation for bitcoin and cryptocurrencies.
Crypto Licenses in UAE:
With reference to “Rule of Cryptocurrency Activities in ADGM” by FSRA illustrates the detailed guide regarding how to deal with the digital and cryptocurrencies.
Financial Services Regulatory Authority - Responsible for the cryptocurrency and blockchain-related projects. This act is used to prevent any illegal money laundering activities.
Multi-commodity Centres - It is a place where the things are grouped with the cryptocurrencies.After getting the business licenses, you can easily start crypto exchange services.
KYCs - Most important to prevent any malicious and fraudulent activities.
Securities & Commodities - Authority mainly deals with the track of markets in both administratively and financially.
Dubai Financial Servies Authority - Works exclusively in the economic zone. Banking, investment, are the essential things.
Hope my answer will highlight the initial license requirements and the best cryptocurrency exchange development company. All the best.