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.
the project doesnt do anything criminal, they are doing everything better for their project and the Muslim people