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Japanese crypto platform Telcoin sets up DMCC office

Cites Dubai’s policies and location as attractors

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Japan-based Telcoin, an Ethereum blockchain platform that leverages mobile money infrastructure to enable users to transfer money globally in seconds, has opened offices in Dubai.

The company intends to use the new office in the Dubai Multi Commodities Center (DMCC) as a springboard to new markets in the region. DMCC recently announced the launch of Crypto Valley, a cluster designed to foster growth, collaboration, and integrity across the global blockchain economy.

Telcoin CEO Claude Eguienta said: "Dubai provides a lot of benefits for us as a company and is more affordable, has a sound immigration policy, and is one direct flight away from a lot of African and Asian countries."

Telcoin is currently working on its beta version so users can send money to Philippines and other countries. In 2019, Telcoin focused on compliance to get regulators on board.