News & Analysis as of October 12, 2024

Securities and Commodities Authority (SCA)

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

What are the Cryptocurrency Regulations in Dubai?

Awatif Mohammad Shoqi Advocates & Legal... on 7/29/2024

In recent years, the global economy has witnessed the popularity and adoption of cryptocurrencies, with Dubai emerging as a notable player in this digital financial landscape. As the market for virtual assets continues to...more

Virtual Asset Regulators in the UAE: A comparison of the different licensing frameworks

White & Case LLP on 6/19/2023

In recent years, regulators within the United Arab Emirates (the UAE) have worked to foster an environment for the sustainable growth of the UAE virtual asset sector through the enactment of several regulatory measures...more

Dubai moves to become a global hub for digital assets: A first look at the Dubai Virtual Assets Law

White & Case LLP on 4/8/2022

On 28 February 2022, the Ruler of Dubai issued Law No.4 of 2022 on the Regulation of Virtual Assets (the "DVAL") in Dubai, which came into effect on 11 March 2022. The DVAL is the first law in Dubai, which specifically...more

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Virtual Currency › Digital Assets › Securities and Commodities Authority (SCA)

What are the Cryptocurrency Regulations in Dubai?

Virtual Asset Regulators in the UAE: A comparison of the different licensing frameworks

Dubai moves to become a global hub for digital assets: A first look at the Dubai Virtual Assets Law

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