Regulators Partner to Bolster UAE’s Crypto Hub Status
Submitted by Anonymous (not verified) on Wed, 09/11/2024 - 12:00
United Arab Emirates (UAE) regulators, SCA and VARA, have signed a cooperation agreement to strengthen the country’s position as a virtual assets hub. The agreement outlines licensing requirements for VASPs, establishes mutual supervision mechanisms, and aims to foster a stable and regulated virtual assets sector in the UAE. Both regulators will work together to ensure […]