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 guidance is part of the rapidly evolving rules on anti-money laundering and aims to promote UAE as a jurisdiction compliant with best practices.
On August 1, 2022, the UAE Central Bank (CBUAE) issued the Guidance for...more
8/25/2022
/ Anti-Money Laundering ,
Compliance ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Money Laundering ,
New Guidance ,
Payment Systems ,
Risk Mitigation ,
Terrorism Funding ,
United Arab Emirates (UAE)
The new law establishes the Dubai Virtual Assets Regulatory Authority and identifies activities to be regulated, such as operating virtual asset platforms.
On March 11, 2022, Dubai Law No. 4 of 2022 on the Regulation of...more