FinTech Legal
FinTech Guide 2025 : United Arab Emirates
Band 3
About
Provided by Karm Legal Consultants
Type of work handled:
We have undertaken legal Advisory & structuring, contract drafting, regulatory framework drafting for various startups, well-established companies and government bodies
Our lawyers help clients – including government bodies, as well as startups and established companies in navigating complexities of regulations for retail payments, pay-later services, crypto-exchanges, remittances, trading platforms.
Categories of clients:
· Governments & Central Banks
· Digital Banking Platforms
· Digital Investment Platforms
· Payment Service Providers
· Payment Gateway & Foreign Remittance Service Providers
· Digital Open Banking Providers
· P2P Platforms
· National Commercial Banks
· NFT Marketplace Platforms
· Blockchain-based B2B e-commerce Platforms
· Crypto Exchanges
· Cross-Asset Trading Platforms
· OTC Digital Assets & Securities Platforms
· Crowdfunding Platforms
· Consortium/Enterprise Blockchains
Specialisations:
KARM has been providing legal solutions to clients in the areas of Virtual Assets, Web3, Tokenization, Metaverse, Consortium/ Enterprise Blockchains, Payment Gateways, Data Exchanges, Gaming, Fintech, Data Protection and Privacy, Artificial Intelligence, HealthTech, Sustainability; along with Corporate & Commercial Laws.
Chambers Review
Boutique law firm Karm Legal Consultants has significant expertise in blockchain and cryptocurrency issues and possesses additional strength in data protection. The team advises FinTech start-ups, blockchain businesses and established tech and financial services companies on regulatory and transactional mandates.
Work Highlights
- Karm Legal Consultants advised Alif Bank, a major Central Asian bank, on establishing an e-commerce platform in the UAE.
Strengths
Provided by Chambers
"Karm Legal was very effective and very responsive from the get-go. All of their associates are very knowledgeable."
"The team is really good at finding the right way forward while thinking outside the box. They propose and find solutions to legal bottlenecks."
"Karm Legal was very effective and very responsive from the get-go. All of their associates are very knowledgeable."
"The team is really good at finding the right way forward while thinking outside the box. They propose and find solutions to legal bottlenecks."
Notable Practitioners
Akshata Namjoshi is an associate partner at Karm Legal Consultants. She counsels a range of clients, from large international banks to emerging FinTechs, on the regulatory implications of UAE expansion, as well as providing corporate and structuring advice.
"Akshata Namjoshi provided an overwhelming level of support."
Kokila Alagh is the founder and managing partner of Karm. She is an experienced corporate, commercial and technology lawyer with considerable expertise in blockchain, crypto and crowdfunding.
Ranked Individuals at
Karm Legal Consultants
United Arab Emirates
Members
Provided by Karm Legal Consultants
Clients
Provided by Karm Legal Consultants
Alif Bank
BNS
Bittrex Crypto Exchange
PayMate
Paysend FZE
Smart Crowd
World Mobile
Industries
Provided by Karm Legal Consultants
Crowdfunding platforms
Crypto Exchanges
Open Banking
Pay-later services
Payments
Proprietary Trading platforms
Remittances