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8th Edition Global Blockchain Congress
November 8, 2021, Dubai, United Arab Emirates
8th Edition Global Blockchain Congress
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About the talk


About speakers

Kirill Mishanin
Co-Founder at Infodriver Capital
Talal Tabbaa
Co-Founder & COO at Jibrel Network
Srinu Chowhan
VP- Marketing and Growth at BitOasis
Harish Gupta
Founder and CEO
Mustafa Baltaci
Co-Founder at KOOPHub

Co-Founder at Infodriver Capital asset management fund and blockchain consulting company. Liquidity Partner Acquisition Director at Smart Contract Solutions UK. 10 years in sales and marketing in HiTech companies, 5 years of business development in the blockchain industry. Former Lenovo, Hewlett-Packard, Buffalo Technologies business development manager in the CIS region.

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Talal Tabbaa is the co-founder and Chief Operating Officer at Jibrel Network, a blockchain-based FinTech company headquartered in Zug, Switzerland, that conducted a 30 Million$ Token Sale aiming to bridge the gap between traditional and crypto economies. He led Jibrel’s efforts conducting the world’s first tokenized Sukuk transaction on the Ethereum Blockchain with Al Hilal Bank and ADGM. Talal also serves on the Board of Middle East Payment Services (MEPS) in Amman, Jordan. Prior to co-founding Jibrel Network, Talal worked in financial and supply chain consulting services at PwC as well as managing a private investment fund in Saudi Arabia. He holds a Bachelor’s of Science in Industrial Engineering (Economics Minor) from Purdue University, IN, USA

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Harish D. Gupta is a crypto, blockchain and tokenization entrepreneur. Mr. Gupta was the CEO and Co-Founder of Polybird Exchange, a global exchange for tokenized securities. On Polybird, global issuers such as financial institutions, governments, and companies can raise capital (equity or debt) via issuing digital tokens or can list tokenized assets (currencies, commodities, commercial real estate). Before starting Polybird, Mr. Gupta was on the Asia Pacific Economics team at Barclays Investment Bank, writing on Asian Macroeconomics and Currencies, and briefly did stints at JPMorgan and Morgan Stanley in Boston and New York. Mr. Gupta has a BA in Economics from Tufts University in Boston and lives between New York City and Mumbai.

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Mustafa Baltacı is a mentor, advisor, executive and enthusiast in financial industry and innovative technologies. His focus is on fintech and blockchain landscape.

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Where is coming from the country? Where I'm from Georgia, over 65% of people don't have a bank account. It doesn't make sense. Like, if you have a smartphone you should have access to the resources, on Fort, Sam, military power and has also the ability to change the rules in. The only state solar panels have been having acid. Biblical proportions gliding, the school bus station. Hello creeper World. Thanks for the guys, fence for producer. Alex. Welcome to Dubai from Canada.

So. Let me introduce myself in our team. So I am a kitty emission vehicle found that are open for driving. So we raised in Panama. We open the office in us. Now, here in UAE, and we start from liquidity pools. And right now, we invest with remoto Advertiser, changes. And today, it would like to introduce our panelists. So consumed with guys League before, so you won't be a moment 5 years in the market. So I would like to introduce the Oracle founder of convener, movie also.

So how do you spell exchange if we can meet you? So we want once we in the western? I need a project. We really curious about the core of its pipeline of investment strategy and the Unicorn Market we would like to join is my first question is your core strategy. Why your company is life? And what is your future Business Development strategy here? Exchange and be regulated in Singapore and Bebe. I asked the court to build a decentralized exchange which has the largest

asset class is crypto-currency. It comes on but you know, when you look at the biggest players such as Big Macs and if he acts a lot of issues with them big names today, but you know, what did Ally and Surround around one person write whichever exchange, you pick up what happens. If something goes bad with that person has severe creating a decent life in exchange for the. So regardless of whatever happens to the person's company, you know, your assets are always safe in your wallet, so

I believe you know, Dubai is becoming extremely aren't pressure and crypto heavy at the moment because energy is rising exponentially and and you know, we do plan to set up an office here. And yeah so far we have he's over six million dollars and and we are looking to, you know, go multi chain. So did I tell your friend? Thank you. Go ahead. So, my name is part of the coin mean a team. We are basically a decentralized exchange regulated by the Central Bank of grain. And our mission is to give everyone in

the Middle East, a fair chance of being able to buy and sell cryptocurrencies in a regulated insured. Shariah-compliant manner. I do think that the least we're still scratching the surface, original 500 plus million. The biggest exchanges have less than a quarter million customers and that's being generous. So basically for us, Our focus is Beaches. He knocks retailing and yeah. Happy to be with everyone on the planet. Rock and roll. So bitter says it's on a mission to build & Beyond.

So with that reason, the company was created back in 2015, when I'm back in the early days as a company had an option to focus on long-term growth and you know, the company focused on the long-term growth. We're back in the TV forward for all the other exchanges, like the market is still in the early stages, ask him for the rest of the world. If you look at the options elsewhere, it's it's me and everyone in the company. I don't invite everyone to join us on this Mission

as well. I think there's some stuff out part of their, they be tightened appetite. Is this a major? Keep the exchange in turkey with 700000 cave. I see if they did you a service around 25 million dollar City, trading volume, and it is, it is an established business. So, based on our experience, know how and in-house technology. Now, you would like to, to and built this, you know, that business Force other countries in the region and other markets, that's our, you know, current strategy. And give me time you would like to diversify our

portfolio towards us taking and the NFC Marketplace plus launch pad in a programs and services for the startups. So I think a trip to adoption is this a huge thing that we have been discussing forever for a while now? And turkeys is one of the live examples for that. I think if you look at the other other markets around the region so you can Can see the same Vibe and they're and a perhaps, a more vehicles. I are there. So I think that they experience is going to be more and widely available. That's what we try to do. OK. Google is

so actually right now kind of fight between centralized exchange and decentralized. My question goes to Krrish here and decentralized exchange has centralized exchanges. Be regulated medicine. Is understand, you just sent the last message should be like, ideally, if you talk to our users. They would say it's better to not be able to that. They don't have to go to the kyc process. They don't have to go to you know, all the hula hoops that you come across, you know, it sounds like the change. If you look at anything such as these are highly

superfiction color changes, but then you know, that's not how the world works. So they believe that your bodies are going after a big names such as you need pop in and out only because these are non-custodial Alicia Aria saying that you're still facilitating trade, which is a regulated activity and it needs to be regulated. So if you believe in me strongly believe I come from So, I strongly believe we're working at Big banks in Wall. Street, show me believe that.

The future of defy indexes is a belated. We cannot have a future, any of these bedrooms, the big names in Dubai. No laws and regulations and manage hundreds of billions, if not billions. So the future of defiance. And we are getting to her that those regulations. Okay. Thank you. So guys, who are from San Carlos to change? What's your Fields about this exchange? Do I need to be regulated and what are the benefits of centralized opposite to decentralized? Southern route me to jump in. On this one. I'm one of the founders of a centralized exchange and I do think that

decentralized exchanges would remain unregulated if they forced them to be regulated, its open-source code, people will forget and launch an unregulated version of that. So the beauty about decentralized exchanges is, I don't know if you remember not to sir, not. There was a centralized place where you would buy you, download pirated music and then Sean Parker, the founder of Napster, they thrown in jail because there was a party or individual that you could go out. The nice thing about decentralized, exchange has if they're actually decentralized. There's no one to go after,

right, with going at a decentralized network of money. They can catch the door. She uniswap. They could take down the website, but the unit swap contract, is forever living on the heating, block me. So, in my humble opinion, decentralized exchanges will remain unregulated and will actually mature as people. Try them out, and Feet issues because like a kid touching a hot stove. You touch it once you realize, it's what you don't do it again. So something like compound which is a decentralized money market, it moves, billions of dollars. So naturally people are going to trust it.

So in my opinion, decentralised exchanges will remain unregulated, at least a successful one and use the test of time. And stress test of users, going in and out and ask how their gain people's trust, not buy a stamp of approval from some regulator in Barbados, or or otherwise. Gohealth, what's your opinion? For me, so you know, what's your opinion about the cyclists changes do? They need to be regulated? And what are the core features from your change opposites by Sandra, Wiseman? So, there's a lot of benefits that comes with the

decentralized exchange, right now. Obviously, like you. Try not in all these new tokens and connecting to your own. One of those can be like its own benefit, but a different sort of benefits that might not be offered with a decentralized exchange will be there for them and they need to be in certain ways. But I think people are better move between like a centralized exchange and decentralization. Police. Don't like benefits, but I think how the role of these two kind of plane people's life is.

The most important aspect of people would kind of first look at the essential as extinct as the entry point, into the new world of the crypto. And then from there, once people I'll get used to like, you know, understanding but his bitcoinity Germany, all the others, all coins and their functionality then they will kind of explanation point on the stick them. In all the other features that come along with that are converting kph into and all the other aspects that come along with it. So you think

how can you connect with us on the decentralized exchange? And if it's regulated, it's not decentralized. Those can't work together because if it's regulated that mean, there is an authorized compliance officer. There's an authorized Stihl, there is a finance officer. There is no co-pay. It's going. There is no decentralized network cannot be regulated. If they are regulated centralized. There's nothing wrong with that. I think the future would actually be CD fight where you go to a

centralized exchange to obtain interest rates, and amazing services from decentralized. Political decentralization of sensation is not depended on anything else. Other than the custodianship of a message with the user then it's decent life. And so will its governance and governance Village is not watch. The find the PlayStation Edition PlayStation 3 of the assets. Is there a right to season right to free? because it's all about which is what defines the Does variegated have the right to seize or the right to free

question? I fully agree with that. It's it's a hard thing to They delayed but again, you know people's hundreds of billions are figure and you know making it fully and they related it is something a big debate. Right? And it's not something no clear answer. Yes or no, but but yeah, so I think to me, I'm in the centralizer to centralize its we should be regulated. We should not be regulated. As a matter of fact, I mean, what is more important is that we're doing?

What's right? And the baby basically as it is this Marketplace place where the centralized exchanges are providing more accessibility. Then the regulated space because you need to touch up on this date of the user. So you need to align with the GDP. You need to catch up on that. Set of the uses. Do you need to learn? What is AML and everything. But when it comes to decentralization, but I think they're basically filling this gap insurance of product diversification, right? Because we are very limited. I mean I cannot offer. I cannot offer margin trading in Turkey,

for example, why? Because there's there's this red line so I can fight back. That's that's that's fine. It's a no-go for me someday. We'll just closed the shop. Right? If you're going to be looking into this innovativeness, right? It is what blockchain is that? But it is what? Scriptures about. I think we need to just unifocus one who's doing? What? And how we help each other. How are you? Okay, thank you. I'm at my next circulation water. What are the biggest benefit for regular? Go to DMV decentralized exchange

and decentralized at centralized one. Yeah, I think you know, the biggest is, open this being transparent, haven't gone to 3056. So, a lot of changes, you know, as we have seen in the crypto history, you can have a lot of big reputation early on, but you know, if it gets hacked, if something happens to the team where the bathroom, you know, they still have the custody. So if they just shut down that you out of your money is gone. But as long as you know, that part is also taking off because you always are in the custody of your assets. That's the first thing, Wednesday. Custodianship. The

second is, you know, a lot of satellites that forms having Accused of creating against the users and they usually call since, like the changes as a casino where The House Always Wins, where is diesel a platform like ours, all the particles like liquidation Portugal, like matching engine. Everything is on the open Viber, right? So there is no room for doubt. We cannot manipulate. If you can read gold, like you read a book, you can open up the court and see what's going on. And that is no hiding fact. So that is it's a completely process formation less ecosystem that you are

in custody of antacids. And if your computer is secure, you can sleep peacefully. So, that's one among the few benefits of this laser changes. Okay, you your next person to use decentralized exchange it but I'm not your master eat a traditional views if the reality is humans and their actions more less. They the same over time, regardless of the technology. If you have $10 worth of gold, you put them under your mattress, you're the custodial. You have a billion dollars worth of gold. You go to a bank you go to brings, you got

an insurance policy because otherwise people would come into your house with a $10 steak and take your money away from you. So, in my opinion, if you have a significant amount of money, you will want to use a centralized regulated custodian because that's just how the world works. It's money, if it's cash gold with crypto institutions would not want to be selfish Tony. That's just the reality of it. And then What are the advantages of decentralized exchange? Has the biggest one is transparency for sure. You don't, you don't know if centralized exchange is

liquid or not. You don't know if there is anything and using other people's assets. Whereas it is. It would have sent with a decentralized exchange. You can verify the creditworthiness of the exchange or protocol in real-time. That's something that's amazing. But the majority of people want a username and password even who gets to a favorite afraid of, let alone, telling them this private. He was determined you are Financial net worth and if you lose it, you are absolutely gone. That sounds terrifying to most people. So that's why I think until the user experience improves on the

decentralized exchange tied with continue to see, larger amounts of people going in to centralize and see what the future is definitely be centralized. It's just that it's not going to happen today. I think it's amazing, but it was kind of exist in paddle, event, are deleted it because I think so. All these uses a mosque that option that we talked about, right? Like, even though it's just a little talking about the early stage of the auction, right? And for them to get into this, they need to understand that

you don't even do like, you know, how to connect a different sort of like in a wallet for them to get into this centralized exchange. I think know the benefits between these two are obviously quite different and they have their own limitations as well, write notes making sure the Regulators are in understand the crypto ecosystem, very outgoing and get them on board right into putting their tracking crypto policies in place of region. I need to make sure that every action renew be kind of like it or keep them in

the loop and get them yesterday after work on centralized and decentralized. And if you just do you want at scale and then you know kind of Leave It to the user to a doctor's Approach at night and as I didn't like that, I mentioned, I think the transparency that comes with addiction do something. That might be slightly limited on. How do I know? There's like different ways of tracking all the transactions in the movie. On that front. Actually. We work with Dubai Police. And also we are actually quite

grateful for executive office of pneumonia test requirements, article policy in place at the apartment with them quite closely. Ally Iran to make sure that each and every transaction that happens on the lights back on. Information sharing is done so that we make the people safe. But everyone in the region, right? Level of Partnerships is not that possible or not easily decentralized exchange. These things. Like, in order to have something of a centralized platform is going to take a few years as a background, where they come from, or do they

have, like, a big responsibility has been right on centralized exchange. We have the ownership and we have the responsibility to make sure customers know what they're getting into. And, you know, how the funds are safe and how they managed to be their own. Central Australian opals and kind of take responsibility, and there's no one to save them from that aspect of it. So, trustworthiness and having a responsible backing from like no Central Authority, as well as the local pierced at the biggest advantages. And

I'll be a few people would risk to going to decentralize the exchanges in a product Innovations. Like, you know, you don't like the other upside down. Thank you. Say no one more guy. So what's your idea? Well, I think there's nothing much basically has not been set yet. But I will say that this whole centralized decentralized discussion has been going on for thousands of years. So I think everything was the centralized when it comes to this one, to the economy tried on the appointed, one thousand years back to see the coins tokens method, money and everything. So he decided to

centralize everything in the last 1,000 years. So now we have this, you know, about your bank's behalf of this. In the central bank's, that's how rough, you know, monopolizing, everything today. So, here we are again, discussing about the Centralized Showing at the finance and for keeping the other than the current system in this. Why I think what matters most is that why the central banks are there while you by The Regulators, are there at, we need the security and safety. These are the three key word, right? If you don't have this to Notions, you cannot physically and I maintain just

your your user bae doesn't really matter. Your decentralized Exchange. I think in a competitive environment when it comes to the crib to and what we discussed today, decentralized, I can just have to learn that. I mean, they have to take up these, you know, security measures. So they their users would feel sick, right? It could be, it is in a hot or cold wallet. All other measures to, but these are just the two of us, but you need to make sure that you provide this, you know, Baseline for them as I think that's that's, that's fine. Thank you, Miss Mustafa. My last question of this panel. So

as we all of us are in UAE region, how is UAE framework Fortune all cryptocurrency Grove into UAE market and from centralized exchange, boy. What does VAT? I mean, what is Bryson was there. The whole situation inside a regulatory framework. Thank you. Yeah, if I jump on it, I just want to bring the last find. A lot of us are talking about that. Defy is the teacher. It's not, it's not happening right now. It's going to happen sometime in the future. But like I don't know if you know this but

Dex volumes last month was 200 billion dollars, that is two hundred billion dollars were transacted on a handful of decent like the exchanges just last month. So it's 200 billion dollar worth of transaction. Is not happening. Not a big deal. Then I don't know. What is, how many addresses are trade? That 200 billion? How many addresses tried that 200 billion? Yeah. I don't have her number, but the second, I think Middle East if your UAE Dubai is going extremely

fast system. I think, you know that lot of support that you see from different kinds of entities, that, that apartment, I'm an Indian Outlaw last time I was here and now I see you know, that's a lot of interests, lot of companies in her. So it makes sense to be here in India. Now, have been surrounded by like-minded people. No, I'm just sorry. I didn't mean to to criticize or anything, but and I also have a big passion for decentralized finance. But the reality is that it's still very nice to have the audience today who has actually used a

decentralized Exchange. Okay. I know we're at the Krypt event. So I did it would have been a hundred percent everyone almost everyone's addresses, which is why you have my compound. One of the most famous ones has less than 100,000 addresses that have interacted with it. Why not have 100 million users? That's going back to the to the UAE framework. I think the United Arab Emirates Dubai, Abu Dhabi have been very proactive. Congratulations to Oasis for being the first regulated Exchange in in 80 GM. I think

many others have followed suit dry and in crypto people always think that exchanges necessarily need to compete with one another but I always like to say that a rising tide lifts All Ships went through to succeed both going Mina b o s s and the rest of Exchange in the East can only communicate as it doesn't. Like that, the Target that I've been Market is so much bigger than going after others. Exchange is fine. So I think atgm have lunch deregulations, Escada security, income of the authorities have also launched their own guidelines. We had decided to go and be regulated in Bahrain

because the central bank is the authority that regulate in stripped of their and a decentralized exchange. My most important stakeholder at the bank. So if I'm under the same umbrella as the banks were able to have significantly easier on-ramps and off-ramps, but I'm confident the other exchanges in the Mideast would also be able to do the same. So there's no big deal at all. It's never that is our impact of the movie, kind of support each other, like, working long, and busy.

And had people, he goes to me cuz, you know, our Visions are like, And have the chance of securing the future of the finance aspect of extremely, extremely privileged and then consider yourself lucky to be in a position where we are working very closely with the Department in the UAE government has been like super attractive actually from the central Authority like a prima. Coming in nicely and letting you know that the US government and the central us are just kind of waiting for what the frame broke and they

can all the other departments. And then we are also working with naked or local banks. And in fact, just yesterday. We made a big announcement that we have to check out the local bank deposit option that makes people in UAE deposit -80 into the local Bank of the jerseys and withdraw quite easily without any fees. What about getting the people inside the ecosystem night time? So so, So what I can tell is that I don't know much about the UAE Market turned out the regulation fees and everything. But what I see is that these to you

in a beautiful exchanges they are doing a marvelous job right. Baby unicorn man that they just now started series recent. I think they're all so, you know prospering quite fine and beat her ass is also available in various markets that what we see but I think that the UAE regulations are sort of in the pathway of the global regulation by state is stinking because The Regulators they also going to Benchmark with each other. They watch each other closely and there, I think that's where you got your price is going to be very limited, you know, in the coming years and we'll see you in a very

much, you know, same as is or is not save the similar regulations across the border in the mid-90s. Am also in Europe. Also in Central Asia to, but as long as the landscape is conducive for in a further development, which is the case and they have inspired these two guys. And I I think this is great, and we need to just may take advantage of it, not only here, but also in other parts of the world, and I thank you guys for is great. Thank you. Hold your hands or your time, and we'll go see, centralized and decentralized

exchanges will change you a world because his reality, so you could change your home to crypto. Do Sound Investment, take profits or losses and even Keith right now, and let's look at this time. Thank you.

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