UAE central bank approves licensing system for stablecoins


$ 86,756.9
€ 80,401.0
¥ 38,800.0
£ 67,279.1
BTC
$ 86,756.9
-1.46 %
$ 2,015.16
€ 1,867.51
¥ 901.38
£ 1,562.70
ETH
$ 2,015.16
-2.96 %
$ 223.85
€ 207.44
¥ 100.47
£ 173.55
XMR
$ 223.85
0.34 %
$ 93.63
€ 86.78
¥ 41.86
£ 72.60
LTC
$ 93.63
-0.16 %
Submitted by Anonymous (not verified) on Wed, 06/05/2024 - 15:20

KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens.

Author: 
Cointelegraph By Ezra Reguerra
Tags: 
UAE central bank
stablecoin licensing
CBUAE
digital economy
financial infrastructure transformation
FIT program
AED-backed tokens
CBDC
Cryptocurrency regulation
Dubai Financial Services Autho
Cointelegraph By Ezra Reguerra