Questions about the inherent properties of cryptocurrencies have caused confusion to both the regulator and layperson. Specific issues continue to puzzle the top legal and financial experts in areas of securities and commodities law, capital gains taxes, international transactions, anti-money laundering, and trading and investment practices.

Dr. Habib Al Mulla, Executive Chairman of Baker McKenzie Habib Al Mulla gave the opening speech on the regulatory aspects of blockchain and cryptocurrencies at the Arabian Business Start Up Academy at the Dubai Technology Entrepreneur Centre on 25 June 2018. His thoughts on the direction and development of this field in the United Arab Emirates can be viewed below.

Author

Dr. Habib Al Mulla is the Executive Chairman of Baker McKenzie Habib Al Mulla and the Head of the Dispute Resolution practice in the UAE. He is one of the UAE’s most highly respected legal authorities with over 34 years’ experience in UAE law and has drafted many of the modern legislative structures in place in Dubai today. Dr. Habib focuses his practice on litigation and arbitration. He is Chairman of the CIArb (Chartered Institute of Arbitrators) UAE Committee and most recently served as Chairman of the board of trustees for the Dubai International Arbitration Centre (DIAC).

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