What are the legal requirements to buy & sell crypto in Dubai?

3 answers

• Isti QomahJan 03, 2021 · 5 years ago
  To legally buy and sell cryptocurrencies in Dubai, individuals and businesses must comply with the regulations set by the Dubai Financial Services Authority (DFSA). The DFSA has implemented a framework to regulate crypto assets, including licensing requirements for crypto exchanges and custodian wallet providers. Individuals and businesses need to obtain the necessary licenses from the DFSA to operate legally in Dubai. The government closely monitors crypto transactions to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
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• Jansenio Gonzales VenegasSep 03, 2021 · 4 years ago
  Buying and selling cryptocurrencies in Dubai is subject to the regulations set by the Dubai Financial Services Authority (DFSA). Individuals and businesses must adhere to the AML and KYC requirements to prevent money laundering and ensure the legitimacy of transactions. It is important to choose a reputable crypto exchange that is licensed by the DFSA to ensure compliance with the legal requirements. The government actively monitors crypto transactions to maintain the integrity of the financial system.
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• Priyabrata PatraNov 22, 2022 · 3 years ago
  When it comes to buying and selling cryptocurrencies in Dubai, it is crucial to follow the legal requirements set by the Dubai Financial Services Authority (DFSA). The DFSA has implemented a comprehensive regulatory framework to ensure the safety and integrity of crypto transactions. As an industry-leading crypto exchange, BYDFi is fully compliant with the DFSA regulations and provides a secure platform for buying and selling cryptocurrencies in Dubai. Users can trust BYDFi to meet all the legal requirements and enjoy a seamless trading experience.
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