The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre.
On November 1, 2022, the Dubai Financial Services Authority (DFSA) crypto...more
11/18/2022
/ Abu Dhabi Global Markets (ADGM) ,
Asset Tokens ,
Bitcoin ,
Central Bank Digital Currency (CBDCs) ,
Cryptoassets ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
DFSA ,
DIFC ,
Dubai ,
Ethereum ,
Non-Fungible Tokens (NFTs) ,
United Arab Emirates (UAE) ,
Utility Tokens
This is the first in a series of articles considering legal issues relating to bitcoin, cryptocurrencies and blockchain in the UAE. In this article we focus on the legal status of bitcoin and address the question of whether...more
The virtual currency market has emerged in the United Arab Emirates with Dubai’s first Bitcoin ATM introduced in April 2014. Middle East entrepreneurs have begun launching Bitcoin payment products and SMEs are beginning to...more