Brevan Howard Eyes UAE as Crypto Hub Due to Supportive Regulations

The United Arab Emirates’ (UAE) well-balanced approach to cryptocurrency regulation has made it a top destination for trading digital assets. This was brought to light at the AIM Conference in Dubai by Ryan Taylor, a hedge fund executive from the $35 billion company Brevan Howard. He commended the regulatory framework in the United Arab Emirates, characterizing it as stringent yet conducive to the expansion of the sector.

Sensible Regulations Propel Crypto in the UAE

Taylor, who serves as Brevan Howard’s head of compliance, emphasized how regulators in the UAE have adopted a proactive stance. According to him, the country is focused on enabling the crypto sector to thrive. He noted, “The regulators in the UAE are hard, but they want the industry to fly and so they write sensible regulations and they are prepared to talk to the industry in order to evolve those regulations.”

This regulatory framework is designed not only to safeguard the market but also to ensure its continuous evolution. The approach has made the UAE a magnet for crypto traders and firms, as they see a future in a country willing to adapt and grow with the industry.

Optimism from Financial Experts

The conference also featured insights from other financial industry leaders. Brandon Robinson, deputy head of private markets at JPMorgan Asset Management, expressed excitement about the burgeoning crypto opportunities in the UAE. “We’re also seeing new opportunities, such as those that are happening here in the UAE, whether it’s from the equity market or other opportunities, and we’re really all excited about that,” Robinson stated.

Jonathan Beardall, head of wealth and asset management at the Dubai International Financial Centre Authority (DIFC), echoed similar views, noting the rapid growth of the hedge fund sector in Dubai. He revealed that the number of hedge funds based in the city has already reached 65 and is expected to climb to 70 in the coming weeks, signaling continued expansion in the financial landscape.