Support for the Operations of a Cryptocurrency Exchange in the UAE

The team at SBH Law Offices provided legal support for the launch and operations in the United Arab Emirates.

Operating a cryptocurrency platform in the UAE requires strict compliance with:

• UAE regulatory requirements;
• International standards for anti-money laundering (AML) and countering the financing of terrorism (CFT);
• Strict regulations governing the protection of clients’ personal data;
• Cybersecurity requirements for financial operators.

Our specialists analyzed the jurisdiction selected by the client and prepared a complete set of documents to obtain a license from the Securities and Commodities Authority (SCA Abu Dhabi) regarding personal data protection and cybersecurity.

Benefits of the implemented solution:

• Full compliance with UAE legislation
• Development of a set of documents on personal data and cybersecurity tailored to the client’s business model
• Scalability - the established operational framework allows the company to expand its operations into other jurisdictions.

Result for the client: The cryptocurrency exchange received not just a set of documents, but a fully-fledged legal and operational framework that enables it to operate legally, securely, and with the potential for global expansion.