Crypto Hedge Fund Nine Blocks Snags Dubai Digital Assets License
Briefly

"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."
"Being market neutral, we don't take any directional risk, so whether bitcoin is going up or going to go down doesn't matter much to us, Arslanian said. We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and ETH, for example."
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