Dubai is open to licensing blockchain-related business, and crypto's as securities.
Dubai is apart from being a very secure and dynamic city also very modern and openminded to new businesses and technologies. Dubai is built by entrepreneurship and very high prominent persons from all over the world.
However, Dubai is also getting more corporate and professional in terms of opening companies and bank accounts, especially in the older and more established banks. This means higher capital requirements, deeper KYC, proof of funds and a sustainable and professional business plan.
If above mentioned is presented with a proper manner, the establishment within blockchain and crypto-related business are not a problem.