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
The Abu Dhabi Global Market’s Guidance clarifies and expands FSRA expectations for OCAB Framework license holders.
In June 2018, the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) unveiled a...more
7/23/2019
/ Abu Dhabi Global Markets (ADGM) ,
Anti-Money Laundering ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
FATF ,
Financial Services Authority ,
Financial Services Industry ,
Governance Standards ,
Licensing Rules ,
Money Services Business ,
Regulatory Authority ,
Regulatory Standards ,
Token Sales ,
United Arab Emirates (UAE)
UAE-based fintech companies should understand the applicable onshore regulations — many of which are new and largely untested — when providing specific services.
Key Points:
..UAE fintech companies need sophisticated...more
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