Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements

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Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements
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Dubai's crypto regulatory body, VARA, has published its long-awaited rulebooks. New rules mandate licenses for crypto firms and cover activities including issuance, exchange services and advertising. iamsandali reports.

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in January that no companies have licenses from the watchdog.

Regulators around the world are racing to set up crypto supervision after last year's market crash saw the collapse of high profile digital asset exchange and lending platforms. The European Union is ready to approve its own licensing regime, while the U.K., South Korea and other jurisdictions are quickly forming their own frameworks.

Dubai's new framework, which also covers advertising and promotion requirements for crypto firms, still needs final approval before it is implemented.

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iamsandali Plz arrest this scam guy in Dubai. TJayDubai NXD NXDT electrum

iamsandali So sad.

iamsandali rules are great if people follow them

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