A look into UAE Central Bank’s AML guidance document for virtual assets and what it means for the future of VASPs in UAE

A look into UAE Central Bank’s AML guidance document for virtual assets and what it means for the future of VASPs in UAE

The UAE Central Bank has issued its long awaited virtual assets and virtual assets service provider framework under the umbrella of a new guidance on anti-money laundering... Details
UAE Central Bank issues guidance defining business models for Virtual assets, and Virtual assets service providers

UAE Central Bank issues guidance defining business models for Virtual assets, and Virtual assets service providers

The Central Bank of the UAE (CBUAE) in a press release announced that it has issued a new guidance on anti-money laundering and combatting the financing of... Details
MENA FATF adopts Abu Dhabi’s five recommendations on virtual assets

MENA FATF adopts Abu Dhabi’s five recommendations on virtual assets

During the recent MENA FATF (Financial Action Task Force) regional body’s workshop attendees adopted several recommendation proposes by Abu Dhabi including those pertaining to virtual... Details
Algerian Central Bank to adopt CBDC for national currency

Algerian Central Bank to adopt CBDC for national currency

At the end of 2022 the Prime Minister of Algeria, Aimene Benabderrahmane announced that the Central Bank of Algeria is intending to adopt a national digital currency... Details
4 percent of FTX Global Clients based out of UAE

4 percent of FTX Global Clients based out of UAE

Bloomberg  just published a piece today November 27th 2022 that is rocking the UAE crypto ecosystem and is one of the most read pieces on Bloomberg as of now.... Details
New rules govern how virtual assets are marketed in Dubai

New rules govern how virtual assets are marketed in Dubai

Dubai’s Virtual Asset Regulatory Authority (VARA), with the commencement of its Minimum Viable Product (MVP) Phase, has announced Regulatory Guidelines on Marketing, Advertising and Promotions of VA... Details
Security token regulations to be issued in Saudi Arabia by end of 2022

Security token regulations to be issued in Saudi Arabia by end of 2022

In an interview with CNBC Al Arabia, Yazeed Saleh Aldemaigi Deputy, Strategy & International Affairs, at Saudi Capital Market Authority (CMA) announced that regulations for Security Token... Details
Oman New Securities Law provisions for regulation of virtual assets

Oman New Securities Law provisions for regulation of virtual assets

Oman Capital Market Authority recently issued its new Securities Law (46/2022) which  stipulates that the authority can “Agree to application of technologies, virtual digital investments or... Details
The Tug of War between the Wall Street of Crypto and the responsible Global crypto Hub

The Tug of War between the Wall Street of Crypto and the responsible Global crypto Hub

So Now the UAE is being dubbed the Wall Street of Crypto. The terminology was first coined by no other than CZ (Zhao Changpeng) the... Details