
United Arab Emirates has evolved with the developed countries of the world and is one of the few countries that has embraced the new wave of cryptocurrency and blockchain transactions.
In 2020, the UAE’s Securities and Commodities Authority (“SCA”) issued Crypto Asset Activities Regulation[1] to regulate the offering, issuing, listing and trading of Crypto Assets in UAE and related financial activities. In addition, thereof, SCA issued Guidance for Crypto Asset Regulation[2] (collectively referred to as “Regulations”). read more