The UAE has been quick with creating a regulatory framework for cryptocurrencies such as Bitcoin. The authorities see a definite – and defined – space for virtual assets in the wider financial services landscape. In contrast, some of the biggest global jurisdictions are still way off from having even a modicum of regulations related to crypto.
It’s the start of a brand new chapter for all cryptocurrency businesses in Dubai, as they operate as licensed – and fully regulated – entities by the emirate’s virtual assets regulator.
