VAE begint met nieuwe licenties voor VASP's
- De VAE heeft de afgelopen maanden een enorme vlucht genomen in digitale activa.
The United Arab Emirates (UAE) is fast becoming a hub for digital assets, and regulators in the country are taking steps to advance this growth. The UAE’s financial regulatory body has vermeld dat het licentieaanvragen zal gaan accepteren van bedrijven die virtuele activadiensten in de regio willen aanbieden.
The Securities and Commodities Authority (SCA) requires all virtual asset service providers (VASPs) operating in the UAE to submit an application and get a license from the regulator. This is however with the exception of those authorized in the nation’s financial free zones.
However, Dubai-based digital asset companies will be required to comply with the region’s financial regulator, the Virtual Asset Services Authority (VARA). These businesses must also submit an application to VARA and get a license.
The SCA formally declared on February 1 that it is taking on the tasks of regulating and overseeing the virtual asset industry. The goal of the decision, according to the SCA, is to “ensure the protection of investors’ funds in virtual assets from illegal practices.”
The SCA further stated that any transactions involving virtual assets for investment purposes, including those taking place in the nation’s non-financial free zones, are covered by the resolution. The regulator did, however, set some limitations. It said about the limitations:
De bepalingen ervan zijn niet van toepassing op virtuele activa die worden gebruikt voor betalingsdoeleinden, aangezien deze onder de jurisdictie van de Centrale Bank vallen. Ze zijn ook niet van toepassing op financiële vrije zones.
The UAE’s strong strategy for regulating virtual assets is a reflection of its dedication to ensuring a safe and progressive financial ecosystem. Authorities in the country are keen on ensuring that digital asset providers stay diligent in their compliance efforts to avoid legal consequences and maintain their competitive edge in this snel bewegende markt.
Ik heb een aantal spannende verhalen in mijn carrière als journalist behandeld en vind blockchain-gerelateerde verhalen erg intrigerend. Ik geloof dat Web3 de wereld zal veranderen en ik wil dat iedereen er deel van uitmaakt.
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