We have to get back to background of founders. probably they know how to launch exchange and have different partners in UAE supporting idea. So what is the reason to blame them?
FINMA will decide whether it is legit or not.
This point of view is quite normal. Indeed, the legality ADAB actions can be assessed only by the organization that has the right to do so.
Yes, I agree, here we can only judge from the outside, but in the future those people will be decided who will come up with the rules
It is impossible to judge, everything is done for the benefit of the project, the guys are trying to make an excellent exchanger for Muslims, but much depends on how they present the project in these countries