Abu Dhabi free zone proposes NFT regulations
Abu Dhabi wants to be the next jurisdiction to regulate the trading of non-fungible tokens (NFTs), with one of its free zones proposing draft recommendations to police the burgeoning industry.
Abu Dhabi wants to be the next jurisdiction to regulate the trading of non-fungible tokens (NFTs), with one of its free zones proposing draft recommendations to police the burgeoning industry.
The United Arab Emirates is moving steadily forward towards becoming one of the world’s leading digital asset hubs with the first virtual asset law adopted in Dubai.
The newly formed Virtual Assets Regulatory Authority will oversee the industry in all emirate’s special development and free zones, except the Dubai International Financial Centre.
The U.S. Department of Justice has appointed seasoned prosecutor Eun Young Choi to head the newly-formed National Cryptocurrency Enforcement Team.
According to sources from within the government, a licensing regime for VASPs will be ready by the end of the first quarter, with block reward miners also set to be issued with their own set of rules.
Muhammad Salman Anjum discusses how the Middle East is becoming a tech hub for BSV blockchain, how the government deals with the technology, and more on CoinGeek Backstage.
CoinGeek Backstage caught up with Saeed Mohammed Alhebsi to discuss how blockchain technology innovation is going on in UAE and what's the country’s next step for the technology.
The Dubai World Trade Center plans to become a comprehensive zone and regulator for virtual assets, operators, and exchanges in its latest pro-digital currency move.
The Switzerland-based association and University of Sharjah (UAE) have launched a joint research agreement to develop a blockchain-based system to validate the academic certifications and the accreditation of higher education institutions.
The Dubai Financial Services Authority has launched a framework that defines and regulates investment tokens, as well as offers guidance for market participants.
The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE, showing the benefits of central bank-backed digital currency.
The Securities and Commodities Authority has signed an agreement with the Dubai World Trade Centre Authority to allow digital currency trading in the free zone.