Latest guidelines from European Union authorities regarding stablecoin regulations.
In January, the European Securities and Markets Authority (ESMA) directed all cryptocurrency exchanges to verify whether the assets listed on their platforms comply with MiCA laws.
Digital currency regulations vary significantly from country to country in the Middle East. Here are some examples of Gulf countries and their approach to regulating digital currencies:
Regulation of digital currencies in Gulf countries
- *United Arab Emirates*: The United Arab Emirates has established a regulatory framework for digital currencies, with the Securities and Commodities Authority (SCA) overseeing the regulation of digital assets. Companies wishing to operate in the digital currency space must obtain a license from the SCA.
- *Saudi Arabia*: Saudi Arabia has taken a more cautious approach, banning cryptocurrency transactions in 2018. However, the Kingdom is exploring the possibilities of digital assets and launched its first non-fungible token (NFT) exchange platform in 2021.
Digital currency regulations vary significantly from country to country in the Middle East. Here are some examples of Gulf countries and their approach to regulating digital currencies:
Regulation of digital currencies in Gulf countries
