Dubai publishes a new set of rules for crypto, including mandatory licenses for crypto firms
Join Our Telegram channel to stay up to date on breaking news coverage Dubai recently made a move to address the increased adoption and presence of the crypto industry on its territory by publishing a new set of rules and laws addressing the matter. According to the extensive rules published yesterday, February 7th, cryptocurrency companies now have to obtain authorization and relevant licenses in order to operate in Dubai. BREAKING: 🇦🇪 Dubai releases #crypto regulations for virtual asset services providers 🔥🚀 pic.twitter.com/7nw7EGgf6v — Keyur Rohit (@CryptoKingKeyur) February 7, 2023 The rules have revealed detailed requirements for all companies involved with digital currencies, from the new norms regarding cybersecurity to risk-management and compliance standards. There are also separate rules that address specific crypto -related activities, including custody, issuance, advisory, and exchange services. What do the new...