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Dubai Virtual Assets Regulation Authority Enacts New Regime to Regulate Virtual Assets

The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai. On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted...more

SAMA Updates Payment Services Provider Licensing Regime in KSA

The updates are part of SAMA’s efforts to promote an innovation-based financial technology ecosystem in the KSA. Key Points: ..Resubmission of a refused PSPR license application will only be accepted nine months after...more

Investors Welcome ADGM’s Guidance on Dedicated Cryptoasset Framework

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

United Arab Emirates – the New Digital Payments Regulatory Landscape

New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem. After a long period of consultation, on 1 January 2017 the Central Bank in...more

United Arab Emirates – the New Digital Payments Regulatory Landscape

New Regulations balance innovation in the payments sector with safety, security and maintaining the public’s trust in the UAE payment ecosystem. After a long period of consultation, on 1 January 2017 the Central Bank in...more

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