Will Dubai’s Digital Asset Regulation Function As A Magnet For Indian Crypto Startups?

March 10: With key players like Binance being on the verge of shifting their business to Dubai, the new regulation pertaining to digital assets would accelerate the growth of crypto industry in the emirate. The main objective behind this regulation is to create a framework which aims to protect investors and provide international guidelines that will facilitate growth in Dubai.

An independent authority has been established to supervise the creation of the world’s greatest virtual asset business environment in terms of legislation, licensing, governance, and alignment with local and global financial systems.

What does this mean for Indian crypto startups who are still facing regulatory issues in their own land? According to Advocate P.M. Mishra, founder of Finjuris Counsel FZ-LLC, UAE and Finlaw Consultancy Pvt. Ltd, India, it is expected that a major chunk of Indian crypto startups would move their business to Dubai due to the regulatory ambiguity regarding cryptocurrency industry in India. Considering the amount of people and businesses venturing into the crypto industry, his would cause a huge loss to the Indian digital asset industry as most of the revenue earned by Indian crypto startups would remain in Dubai.

Apart from that, the geographical location of Dubai is a lot more favorable due to the distance between India and UAE. This increases the ease of conducting business. To retain businesses in nexus with the crypto industry, it is very important for the government of India to take a proactive decision of bringing in an effective legislation to promote the interests of investors as well as entrepreneurs who wish to explore the arena of virtual digital asset industry.

It is high time that the government sheds clarity on its stand regarding cryptocurrency and regulates the market and its players in a manner that ensures both safety and profitability. There must be no room for exploitation of investors in the cryptocurrency space, says Advocate P.M. Mishra. (Finlaw Consultancy)

Related Posts

Alstone Presents Alcomb Aluminium Honeycomb Panel In Bengaluru, Gaining Positive Feedback

Bengaluru (Karnataka) [India], May 10: Alstone, India’s leading manufacturer of premium exterior cladding solutions, successfully hosted an exclusive event in Bengaluru to showcase its revolutionary product Alstone Alcomb  – Aluminium Honeycomb Panel. The…

AVG Logistics secured long term banking facilities to cater FY 2025/26 Capex requirement

Mumbai (Maharashtra) [India], May 14: AVG Logistics Limited (BSE – 543910, NSE – AVG a leading multimodal logistics solutions provider, is pleased to announce that it has received debt funding…

You Missed

Dr. Sarita Sukhija Presents: The Art of Vaginal Tightening – A Guide by the Guiding Light Behind Myra IVF

  • May 14, 2025
Dr. Sarita Sukhija Presents: The Art of Vaginal Tightening – A Guide by the Guiding Light Behind Myra IVF

Advait Energy Transitions Limited Reports Robust Growth in Q4 and FY25 Financial Results

  • May 14, 2025
Advait Energy Transitions Limited Reports Robust Growth in Q4 and FY25 Financial Results

Zirakpur’s 6-Lane Bypass to Elevate Motia Guildford Square as Top Investment Hub

  • May 12, 2025
Zirakpur’s 6-Lane Bypass to Elevate Motia Guildford Square as Top Investment Hub

Sathlokhar Synergys E&C Global Crosses INR 400 Cr, Records 62 Percent YoY Growth

  • May 12, 2025
Sathlokhar Synergys E&C Global Crosses INR 400 Cr, Records 62 Percent YoY Growth

Cube Federation of India and Mindgamez Announce MIST 2025 Monsoon SpeedCubing Tournament

  • May 10, 2025
Cube Federation of India and Mindgamez Announce MIST 2025 Monsoon SpeedCubing Tournament

Firoza Khan & Husband Sohel Shine in Dubai: Love, Lights & VFX Turn Reel Romance into Real Magic

  • May 10, 2025
Firoza Khan & Husband Sohel Shine in Dubai: Love, Lights & VFX Turn Reel Romance into Real Magic