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UAE’s Stable Politics Foster Crypto-Friendly Environment over US, Says Komodo CTO

Kadan Stadelmann, the Chief Technology Officer at crypto and blockchain platform Komodo, believes that the United Arab Emirates (UAE) is much more supportive of the cryptocurrency sector than the United States. Stadelmann says this is because the UAE is more politically stable, allowing these businesses to perform well.

Komodo CTO Praises UAE Monarchy and Low Crime Rate

In a recent CryptoNews interview, Stadelmann said one of the major points in the UAE’s favor is its monarchy, which allows for political stability. He also said this removes bottlenecks created by policy changes initiated by succeeding governments in a democracy.

In addition to political stability and the monarchy, Stadelmann specified that the UAE government is taking deliberate steps to make the crypto clime favorable. Companies offering crypto services are free to apply for Virtual Asset Service Provider (VASP) licenses from the country’s Virtual Assets Regulatory Authority (VARA). In the last few months, several companies have successfully received VASP licenses from the government. In April,  License.

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