CryptoMediaClub
Monday, September 15, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

UAE Financial Regulators to Unify Regulation of Digital Asset Sector

12.09.2024
A A
0
121
VIEWS
ShareShare

In the United Arab Emirates, Dubai’s Virtual Assets Regulatory Authority (VARA) and the UAE’s Securities and Commodities Authority (SCA) agreed to jointly supervise virtual asset service providers (VASP).

Dubai’s Virtual Assets Regulatory Authority (VARA) and the UAE’s Securities and Commodities Authority (SCA) signed a cooperation agreement to implement a unified licensing regime for virtual asset service providers (VASPs).

This approach will allow the financial regulators to unify the regulatory framework for the digital asset sector in the UAE. Specifically, the collaboration will enable VASPs licensed by the VARA to provide services to operate throughout the country. VASPs will need to obtain a license from the SCA to work in emirates other than Dubai, but the process will be greatly simplified for the VARA license holders.

As part of the agreement, VASP oversight and the imposition of fines will be handled jointly by both regulators. The VARA and the SCA also agreed to share information and train each other’s staff, improving regulatory coordination in the country.

According to Helal Saeed Al Marri, the VARA’s Chair, the cooperation with the SCA will enhance local business opportunities and contribute to the sustainable development of the digital asset industry not only regionally but globally. Mohamed Ali Al Shorafa, the SCA’s Chair, added that the primary objective of the agreement is to develop the digital asset industry in the UAE and to comply with AML legislation.

The UAE authorities aim to create a favorable environment for cryptocurrencies in the region, making the country the most crypto-friendly in the Middle East. The UAE residents can access digital assets through state-owned banks, commercial institutions, cryptocurrency exchanges, and many other companies acting as VASPs, whose work is clearly regulated by local legislation.

Сообщение UAE Financial Regulators to Unify Regulation of Digital Asset Sector появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

8-Year Bitcoin Holder Offloads Another $136M Following Massive $4B ETH Trade – Whales Dumping Again?
All news

8-Year Bitcoin Holder Offloads Another $136M Following Massive $4B ETH Trade – Whales Dumping Again?

15.09.2025
0

An eight-year Bitcoin holder resumed selling after a two-week pause, depositing 1,176 BTC worth $136.2 million to the Hyperliquid trading...

Read moreDetails
Bank of England Plan to Cap Stablecoin Holdings Draws Fire From Crypto Sector

Bank of England Plan to Cap Stablecoin Holdings Draws Fire From Crypto Sector

15.09.2025
Pakistan Courts Overseas Exchanges With Virtual Asset License Offers

Pakistan Courts Overseas Exchanges With Virtual Asset License Offers

15.09.2025
XRP is Expected to Reach $4 in the Short Term – Put Your XRP to Work with the SAVVY MINING Platform

XRP is Expected to Reach $4 in the Short Term – Put Your XRP to Work with the SAVVY MINING Platform

15.09.2025
V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case

V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case

15.09.2025
Load More
Next Post
Bitcoin mining CEOs agree on $250k price target for 2028 halving

Bitcoin mining CEOs agree on $250k price target for 2028 halving

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Whopping $174 Million Worth of BTC Transferred by Miners to Exchanges in Two Weeks

Whopping $174 Million Worth of BTC Transferred by Miners to Exchanges in Two Weeks

2 years ago
Bitcoin MarketCap Beats Prominent Global Giants To Claim 8th Spot

Bitcoin MarketCap Beats Prominent Global Giants To Claim 8th Spot

2 years ago
Mt. Gox Transfers $172M Bitcoin as Market Hits ATH

Mt. Gox Transfers $172M Bitcoin as Market Hits ATH

9 months ago
Venom Blockchain Crosses 1 Million Registered Wallets in Remarkably Short Duration

Venom Blockchain Crosses 1 Million Registered Wallets in Remarkably Short Duration

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP is Expected to Reach $4 in the Short Term – Put Your XRP to Work with the SAVVY MINING Platform

V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case

Ripple Quietly Transfers 15 Million XRP, DOT Miners Emerge as Hidden Gem for Retail Investors

XRP and BTC Investors Take Note: SunnyMining Cloud Mining Offers a New Choice

Ethereum Price Prediction: Are Bulls Getting Ready to Push the ETH Price Higher?

Coinbase Battles to Stay Ahead as Crypto Competition Heats Up: FT

Trending

8-Year Bitcoin Holder Offloads Another $136M Following Massive $4B ETH Trade – Whales Dumping Again?
All news

8-Year Bitcoin Holder Offloads Another $136M Following Massive $4B ETH Trade – Whales Dumping Again?

15.09.2025
0

An eight-year Bitcoin holder resumed selling after a two-week pause, depositing 1,176 BTC worth $136.2 million to...

Bank of England Plan to Cap Stablecoin Holdings Draws Fire From Crypto Sector

Bank of England Plan to Cap Stablecoin Holdings Draws Fire From Crypto Sector

15.09.2025
Pakistan Courts Overseas Exchanges With Virtual Asset License Offers

Pakistan Courts Overseas Exchanges With Virtual Asset License Offers

15.09.2025
XRP is Expected to Reach $4 in the Short Term – Put Your XRP to Work with the SAVVY MINING Platform

XRP is Expected to Reach $4 in the Short Term – Put Your XRP to Work with the SAVVY MINING Platform

15.09.2025
V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case

V Global Crypto Exchange Accomplices Handed Suspended Sentences in $1.4B Fraud Case

15.09.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz