Hedge fund executive Brevan Howard said the United Arab Emirates' (UAE) smart approach to cryptocurrency regulation has made it a top region for digital asset trading.
Ryan Taylor, head of compliance at the $35 billion hedge fund Brevan Howard Group, said Monday at the AIM conference in Dubai that UAE regulators will He said he wanted to “fly.”
“The UAE regulators are strict but want the industry to develop, have developed sensible regulations and are open to discussions with the industry to evolve the regulations.”
Also present at the event was Brandon Robinson, Deputy Head of Private Markets at JPMorgan Asset Management, who acknowledged that the UAE is rich in crypto opportunities.
“We are also seeing new opportunities with the stock market and other opportunities, such as those happening here in the UAE, and we are all really excited about that.”
Jonathan Beador, Head of Assets and Asset Management at Dubai International Financial Center Authority (DIFC), echoed similar sentiments.
“The growth was unprecedented. Last year we thought the growth rate was up. It's the same thing again.”
There are 65 hedge funds in the UAE capital, Dubai, and that number is expected to rise to 70 in the coming weeks, Beador said.
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