Best jurisdiction(s) for a new crypto exchange in 2023

[coolbits]

Hey guys,

What do you think, if you are versed in the field, is/are the best jurisdictions for incorporating and/or hosting a new full-fledged crypto exchange (CEX) today?
There will be no service to the USA and the exchange plans on being as legit and compliant with AML/KYC and other relevant regulations as possible. Privacy of the shareholders is a major topic.

The countries of incorporation and hosting do not need to be the same. Seychelles and Cayman Islands immediately pop up into my mind but I hear good things about UAE as well. What about Singapore? Is it still a good option?

Does the hosting jurisdiction actually matter? If yes, how important of a factor is the network latency, if the chosen hosting location is relatively remote, such as the UAE or Asia?

Thank you for your input.

[hugeblack]

Better to ask somewhere a bit specialized, I think Reddit has a sub-section for tax and legal stuff so it's best to ask there or at least hire an advisor.

I can talk about Dubai, the legal situation is not clear within the country, on the contrary, the law criminalizes some transactions related to cryptocurrencies, but the free zone has legal bitcoin transactions, so it is better to get advice from the free zone, and you can find their numbers with a simple search on Google.

Infrastructure is good but regulations are still high, so places like the Seychelles and the Cayman Islands are a must.