This site uses cookies. Browsing the site, you agree to the use of cookies. If you need more information, please visit the Cookies Policy page
Cryptocurrencies: 8892 / Markets: 71495
Market Cap: $ 2 304 625 401 357 / 24h Vol: $ 127 587 169 349 / BTC Dominance: 52.781522393869%

Н News

UAE’s Clear Rules and Openness to ‘Experimentation’ Key to Attracting Crypto Firms, Says Ben Caselin of Maskex

Players in the crypto space are attracted to the United Arab Emirates (UAE) because the region not only has clear rules but is also “open to experimentation,” Ben Caselin, the Vice President and Chief Strategy Officer (CSO) at the crypto exchange Maskex, has said. Caselin also said the UAE and the Middle East’s perceived neutrality “opens doors” that crypto exchanges operating in the U.S. or the Asia Pacific region cannot enjoy.

Factors Behind the MENA’s Emergence as a Preferred Investment Destination

The Maskex CSO also told Bitcoin.com News that the Middle East and North Africa (MENA) region’s emergence as one of the most sought-after investment destinations could be due to what he described as the shift of relationships. Such shifts enable “new hubs of power and innovation to emerge.”

With respect to stablecoins, Caselin said these are “hugely important” now and will remain so for the foreseeable future. However, in his written responses sent to Bitcoin.com News, Caselin acknowledges that stablecoins often rouse emotions, hence their issuance is best done in collaboration with “all the right stakeholders in a given region.” In his responses, Caselin also shared his thoughts on the ongoing artificial intelligence (AI) hype and U.S. regulatory woes.

Below are Caselin’s answers to questions sent to him via Telegram.

Bitcoin.com News (BCN): The UAE seems to be at the forefront of crypto regulatory innovation, with the Virtual Assets Regulatory Authority (VARA) providing investors, developers, and companies with clear rules. Besides regulatory clarity, what do think makes the UAE an attractive destination for talent and capital?

Ben Caselin (BC): Across the emirates that make up the UAE, there are opportunities. While a city such as Dubai is well-developed, it’s clear that there is still so much more room to grow and that comes with a certain excitement. From infrastructure and architecture to business and digitalization, the UAE is eager to innovate and open to experimentation. This is attractive to anyone with ambition and an entrepreneurial spirit.

BCN: Your company, Maskex, counts Sheikh Hamad bin Rakadh Al-Ameri, who is associated with a well-known sovereign wealth fund in Abu Dhabi, as its major shareholder. What do you think their reasoning is behind the strong faith in Maskex and crypto?

BC: While some foreign exchanges much larger than ours have publicly expressed interest in obtaining a license and engaging in this region, Maskex is first and foremost a Dubai-based exchange and we are proud to be deeply associated with Abu Dhabi and the UAE as we serve the wider region. In addition, founded only in 2021, Maskex still has a lot of room to grow which is attractive to any investor. Furthermore, it’s important to note that Maskex is not just a crypto exchange. In addition to the usual crypto products such as spot, perpetuals, margin, options, copy trading, staking and p2p, we also offer markets for both US and Hong Kong stocks and a wide range of real-world payment, OTC and banking capabilities to both retail and institutional clients. Simply put, Maskex is quite unique in its offering.

BCN: The UAE is sometimes seen as the neutral ground between the West and the Asia Pacific (APAC) region. What, if any, advantages do the UAE-based exchanges have over their Western or APAC peers when serving global customers?

BC: The UAE is highly respected across the region and beyond; from Saudi Arabia, Kuwait, Bahrain and Egypt, from Turkey to Uzbekistan, all the way to Indonesia, and so operating an exchange from the UAE with the right network of support behind it can open up a lot of doors that both U.S. and APAC-based exchanges would find hard to unlock. This is a good thing. I believe the industry is best served by regional consolidation, rather than global monopolization.

So if we can see high-quality exchanges independently emerge and consolidate across South America, North America, Europe, Sub-Saharan Africa, the Middle East and North Africa, as well as Central and South East Asia, the Far East, and the Pacific, then that’s probably better if we ever want to see the adoption of bitcoin and digital assets by the entire global population. And by adoption, I don’t just mean that people are able to gain exposure to global markets and participate in global finance and make their own free choices as to what currencies they would like to use in their day-to-day life, but I do also mean the adoption of a culture of self-custody and peer-to-peer payments. Regional consolidation marks the next phase of growth in the evolution of this industry.

BCN: As a regulatory-compliant centralized exchange, Maskex reportedly aims to provide the masses with financial anonymity and autonomy. How do you strike a balance between regulatory compliance and user anonymity, especially when the VARA states in the section “Prohibited Virtual Assets” that the issuing of privacy coins is prohibited in the emirate?

BC: Maskex will always need to strike a balance and may adopt different strategies per jurisdiction. Privacy can be placed on a spectrum and does not just refer to privacy coins. It may also refer to private banking, the ability for users to generate new addresses, or seamless on and off-ramps between fiat and crypto including the Maskex virtual card which allows users to pay for goods and services with USDT as their collateral.

BCN: Do you see stablecoins having a role in the future of crypto and Maskex planning to launch fiat-pegged stablecoins in the near future?

BC: Stablecoins remain hugely important and will no doubt remain so for the time being. Across the region, demand for USDT is soaring, so much so that demand can hardly be met. In addition to USD-pegged stablecoins, we can also expect to see more innovation around gold-pegged stablecoins, especially in the current macro environment.

Gold is a trusted store of value in this region, both culturally and historically, and it’s really only a matter of time before we will see the market for gold-backed stablecoins explode. We cannot disclose anything about any token that we might or might not issue, but it’s good to note that stablecoins are highly political in nature and are best issued in collaboration with all the right stakeholders in a given region.

BCN: According to a report by Chainalysis, the Middle East and North Africa (MENA) region is the world’s fastest-growing crypto adopter. In your opinion, what do you think are some of the factors driving crypto adoption in the region?

BC: The growth in the MENA region cannot be attributed to one single factor alone. Over the past decade a lot has changed, both in the region itself as well globally. From a high-level point of view, we could say that in the current macro-environment and the increasingly multi-polar world, all relationships are shifting allowing for new hubs of power and innovation to emerge. It’s time for the MENA region to come into the limelight now, not just on the crypto front, but generally across culture, art, business and technology. Having said that, I see enormous opportunities in Sub-Saharan Africa as well, as well as South America. Perhaps this decade belongs to emerging markets worldwide – and that’s a good thing as emerging markets already house over 85% of the world’s population.

BCN: Amid the recent artificial intelligence (AI) hype, a bunch of AI tokens have been grabbing the attention of traders. Many of them probably don’t have any real utility. According to you, does AI have a role in the Web3 space?

BC: AI is interesting but on the Web3 front it doesn’t interest me at all. People seem to forget that Web3 is just a buzzword rooted in the original intention to completely overhaul the world’s financial system and move towards a fairer form of money. It’s much less about gaming or meeting in virtual cybercafes and interacting with AI-powered NPCs. I’m focused very much on the empowerment of people in the real world. Having said that, AI is highly interesting for its potential to optimize education, health care, business operations, logistics, creative work and more – but putting AI and Web3 together is another recipe for aimless hype.

BCN: The European Union has approved its cross-jurisdictional crypto regulation framework Markets in Crypto Assets regulation (MiCA) for release in 2024. Do you think this path or that set by the likes of the UAE will prompt the U.S. to speed up the rollout of their own crypto regulations?

BC: No. Unfortunately, the US currently suffers from too many internal conflicts to even begin to provide any clarity at all. It’s good to see different countries around the world take charge of their own future, and eventually, when the US as a whole does come around, it might be on fairer terms for all.

What are your thoughts about this interview? Let us know what you think in the comments section below.

Source

  • 07.09.23 16:24 CherryTeam

    Cherry Team atlyginimų skaičiavimo programa yra labai naudingas įrankis įmonėms, kai reikia efektyviai valdyti ir skaičiuoti darbuotojų atlyginimus. Ši programinė įranga, turinti išsamias funkcijas ir patogią naudotojo sąsają, suteikia daug privalumų, kurie padeda supaprastinti darbo užmokesčio skaičiavimo procesus ir pagerinti finansų valdymą. Štai keletas pagrindinių priežasčių, kodėl Cherry Team atlyginimų skaičiavimo programa yra naudinga įmonėms: Automatizuoti ir tikslūs skaičiavimai: Atlyginimų skaičiavimai rankiniu būdu gali būti klaidingi ir reikalauti daug laiko. Programinė įranga Cherry Team automatizuoja visą atlyginimų skaičiavimo procesą, todėl nebereikia atlikti skaičiavimų rankiniu būdu ir sumažėja klaidų rizika. Tiksliai apskaičiuodama atlyginimus, įskaitant tokius veiksnius, kaip pagrindinis atlyginimas, viršvalandžiai, premijos, išskaitos ir mokesčiai, programa užtikrina tikslius ir be klaidų darbo užmokesčio skaičiavimo rezultatus. Sutaupoma laiko ir išlaidų: Darbo užmokesčio valdymas gali būti daug darbo jėgos reikalaujanti užduotis, reikalaujanti daug laiko ir išteklių. Programa Cherry Team supaprastina ir pagreitina darbo užmokesčio skaičiavimo procesą, nes automatizuoja skaičiavimus, generuoja darbo užmokesčio žiniaraščius ir tvarko išskaičiuojamus mokesčius. Šis automatizavimas padeda įmonėms sutaupyti daug laiko ir pastangų, todėl žmogiškųjų išteklių ir finansų komandos gali sutelkti dėmesį į strategiškai svarbesnę veiklą. Be to, racionalizuodamos darbo užmokesčio operacijas, įmonės gali sumažinti administracines išlaidas, susijusias su rankiniu darbo užmokesčio tvarkymu. Mokesčių ir darbo teisės aktų laikymasis: Įmonėms labai svarbu laikytis mokesčių ir darbo teisės aktų, kad išvengtų baudų ir teisinių problemų. Programinė įranga Cherry Team seka besikeičiančius mokesčių įstatymus ir darbo reglamentus, užtikrindama tikslius skaičiavimus ir teisinių reikalavimų laikymąsi. Programa gali dirbti su sudėtingais mokesčių scenarijais, pavyzdžiui, keliomis mokesčių grupėmis ir įvairių rūšių atskaitymais, todėl užtikrina atitiktį reikalavimams ir kartu sumažina klaidų riziką. Ataskaitų rengimas ir analizė: Programa Cherry Team siūlo patikimas ataskaitų teikimo ir analizės galimybes, suteikiančias įmonėms vertingų įžvalgų apie darbo užmokesčio duomenis. Ji gali generuoti ataskaitas apie įvairius aspektus, pavyzdžiui, darbo užmokesčio paskirstymą, išskaičiuojamus mokesčius ir darbo sąnaudas. Šios ataskaitos leidžia įmonėms analizuoti darbo užmokesčio tendencijas, nustatyti tobulintinas sritis ir priimti pagrįstus finansinius sprendimus. Pasinaudodamos duomenimis pagrįstomis įžvalgomis, įmonės gali optimizuoti savo darbo užmokesčio strategijas ir veiksmingai kontroliuoti išlaidas. Integracija su kitomis sistemomis: Cherry Team programinė įranga dažnai sklandžiai integruojama su kitomis personalo ir apskaitos sistemomis. Tokia integracija leidžia automatiškai perkelti atitinkamus duomenis, pavyzdžiui, informaciją apie darbuotojus ir finansinius įrašus, todėl nebereikia dubliuoti duomenų. Supaprastintas duomenų srautas tarp sistemų padidina bendrą efektyvumą ir sumažina duomenų klaidų ar neatitikimų riziką. Cherry Team atlyginimų apskaičiavimo programa įmonėms teikia didelę naudą - automatiniai ir tikslūs skaičiavimai, laiko ir sąnaudų taupymas, atitiktis mokesčių ir darbo teisės aktų reikalavimams, ataskaitų teikimo ir analizės galimybės bei integracija su kitomis sistemomis. Naudodamos šią programinę įrangą įmonės gali supaprastinti darbo užmokesčio skaičiavimo procesus, užtikrinti tikslumą ir atitiktį reikalavimams, padidinti darbuotojų pasitenkinimą ir gauti vertingų įžvalgų apie savo finansinius duomenis. Programa Cherry Team pasirodo esanti nepakeičiamas įrankis įmonėms, siekiančioms efektyviai ir veiksmingai valdyti darbo užmokestį. https://cherryteam.lt/lt/

  • 08.10.23 01:30 davec8080

    The "Shibarium for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH. The Plot Thickens. Someone posted the actual transactions!!!! https://bscscan.com/tx/0xa846ea0367c89c3f0bbfcc221cceea4c90d8f56ead2eb479d4cee41c75e02c97 It seems the article is true!!!! And it's also FUD. Let me explain. Check this link: https://bscscan.com/token/0x5a752c9fe3520522ea88f37a41c3ddd97c022c2f So there really is a "Shibarium" token. And somebody did a rug pull with it. CONFIRMED. But the "Shibarium" token for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH.

To join the Chat, you need a free pro-blockchain.com account. Enter Registration