Crypto in the Middle East

What steps has the company taken in response to regulatory pressure since the Ukraine war began?

• They have stopped all transactions to sanctioned addresses.

• They have developed new tools to track transactions.

• They have not faced any regulatory pressure due to existing tools.

• They have faced significant regulatory pressure.

Why is it difficult for cryptocurrencies to be used on a large scale to avoid sanctions?

• Cryptocurrencies are not accepted globally.

• There are no regulations in place.

• The volumes are not significant enough for large entities.

• The technology is not advanced enough.

What is the predicted price of Bitcoin by mid-year according to the speaker?

• $150,000

• $75,000

• $100,000

• $50,000

What is one of the main reasons for the company's interest in obtaining a license in the UAE?

• To reduce operational costs.

• To relocate their headquarters.

• To avoid taxes.

• To access a larger user base in the UAE.

What is attracting crypto wealthy individuals to relocate to the UAE?

• The lack of regulations.

• The absence of taxes.

• The influx of talent and infrastructure.

• The low cost of living.