Page 52 - Commodities Authority News Today

Dubai will soon have its own crypto law, the Dubai Virtual Asset Regulation Law, in order to create an “advanced legal framework” to protect investors.

Crypto assets rallied on Wednesday as US President Joe Biden signed an executive order requiring several arms of government to explore the risks and opportunities of launching a digital dollar and other issues surrounding private cryptocurrencies. But while the industry’s worst fears of a crackdown on crypto assets were assuaged, the order also represents kicking the can down

Dubai has adopted a new law to regulate virtual assets, aiming at creating a legal framework to protect investors and provide...

His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the Dubai Virtual Asset Regulation Law, giving Dubai its first-ever regulations for digital assets.

Dubai issues new virtual asset regulatory law; what you need to know.

The statement clarifies that persons intending to run a VASP business must obtain the initial approval from the regulator.

Sharjah Islamic Bank said that it is increasing the percentage of its foreign ownership to 40% after obtaining all regulatory approvals from the UAE Central Bank and the Securities and Commodities Authority.

As it eyes deals in the UK and Europe

With Europe halting Russian gas, Egypt aims to fill the supply gap and recoup losses from downfall in Russian tourists

The Dubai Virtual Asset Regulation Law presents an advanced legal framework to protect investors