Dubai Approves First Law to Regulate Digital Assets, Establishes Regulator to Oversee Crypto Sector
📣 #Dubai Approves First Law to Regulate #DigitalAssets, Establishes Regulator to Oversee #CryptoSector
👉 Dubai announced its first law to regulate #digitalassets and established a regulatory body to track #crypto activities and set guidelines for #cryptoservice providers.
👉 The official tweet from the #Sheik said that the first virtual assets law has been approved in Dubai and the #DubaiVirtualAssets Regulatory Authority (#VARA) has been established.
👉 #Cryptotrading platforms offering the exchange between cryptocurrencies and fiat currencies and between one or more cryptocurrencies are subject to VARA authorization and regulation.
👉 The regulations will also be applicable to companies offering crypto transfer, custody, and management services.
Learn more…👇
#GokuMarket #DubaiCrypto #UAEbitcoin #CryptoTransfer #Exchange #Ecommerce #DubaiSheik #Blockchain
