The Dubai International Financial Centre has announced the establishment of a new digital asset law that aims to guide the activities of service providers and clients in the free trade zone.
The inheritance solutions, which are to be developed by leveraging smart contracts, will be tailor-made for high-net-worth individuals but could soon be offered to all classes in the society.
Dubai offers 90% subsidies in a new licensing system for AI and Web3 firms in an attempt to foster innovation and collaboration in the tech hub.
Standard Chartered's latest plans were contained in an MoU signed with the Dubai International Financial Centre that will see a collaborative effort from both entities.
Dubai Economy has partnered with the Dubai International Financial Centre to expand the tool which now accounts for over 50 percent of all KYC verifications in Dubai.
