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Kostas Kryptos Presented a project at DMCC hackathon where they work on something like that. Reach out to him.
They are registered as a business entity in DMCC Dubai which is fairly easy, but they don't share the details of their auditors nor who regulates them as a financial entity, what insurance or controls they have etc. I suggest doing your due diligence if big sums get involved
tldr; Dubai has become a major hub for cryptocurrency, attracting $34 billion in crypto transfers over 12 months, a 42% increase from the previous period. The city benefits from no income tax and a robust regulatory framework, including the Virtual Assets Regulatory Authority (VARA). Dubai's free zones, like the Dubai Multi Commodities Centre (DMCC) and Dubai International Financial Centre (DIFC), attract numerous crypto companies. Major firms like Binance and Bybit have established offices in Dubai, drawn by the supportive regulatory environment and strategic location. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.