Encrypted

In the 24th episode of Encrypted, Ahmed and Faisal were joined by a very special guest from the Middle Eastern bitcoin and blockchain community, Ola Doudin, CEO of Bitoasis. Being the only exchange in the MENA region with on-ramp and off-ramp (i.e. exchange fiat for crypto and vice versa), Ola shares her background and past experiences before launching Bitoasis. We were impressed by it and we’re sure you will too! First, we wanted to clear misconceptions and confusion around the ‘Virtual Currency’ ban in a policy paper that was issued by the UAE Central Bank in early 2017. With Bitoasis already being an established digital assets exchange, Ola explains how they reacted to this piece of news and how they made a clear path forward. How can you get a crypto exchange license in the UAE? This led the discussion to the subject of obtaining a crypto exchange license here in the UAE when there was no clear guidance or laws on running crypto asset exchanges. Ola explains their approach with licensing in the UAE, thei