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Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License

Nine Blocks Capital Management is claiming bragging rights for being the first cryptocurrency hedge fund to be granted a license under Dubai’s Virtual Assets Regulatory Authority (VARA). The hedge fund also said Monday it’s making Dubai its global headquarters. Seemingly a million miles from the murk and uncertainty of U.S. regulation, a flourishing community of crypto businesses has taken root in Dubai, thanks to a comprehensive rulebook that addresses everything from issuance and exchange services to advertising. Nine Blocks follows a market neutral trading strategy, profiting from arbitrage opportunities and market inefficiencies across the crypto space.

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