UAE börjar ny licensiering för VASP:er
- Förenade Arabemiraten har sett en boom i digitala tillgångar under de senaste månaderna.
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 uppgav att det kommer att börja acceptera licensansökningar från företag som vill erbjuda virtuella tillgångstjänster i regionen.
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:
Dess bestämmelser gäller inte virtuella tillgångar som används för betalningsändamål, eftersom de är föremål för centralbankens jurisdiktion. De gäller inte heller finansiella frizoner.
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 snabbrörlig marknad.
Jag har täckt några spännande historier under min karriär som journalist och tycker att blockchain-relaterade historier är väldigt spännande. Jag tror att Web3 kommer att förändra världen och vill att alla ska vara en del av den.
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