On Wednesday 9th March, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved a new law to regulate virtual assets in Dubai. The Dubai Virtual Asset Regulation Law is a legal framework to protect investors and promote responsible business growth within the virtual asset industry, whilst providing governance … Read More
Round-Up: Crypto businesses in DMCC, new types of UAE residency visas, and number of new DIFC firms grows 20%
DMCC Crypto Centre Dubai Multi Commodities Centre (DMCC) has announced it will establish a regulatory framework for businesses offering, issuing, listing, and trading crypto-related assets. The “DMCC Crypto Centre” intends to issue bespoke licenses for firms in the crypto space after signing a Memorandum of Understanding with the Securities and Commodities Authority (SCA). The two authorities will collaborate to approve … Read More