The UAE's Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) have created a new partnership to align and unify crypto regulations.
This collaboration allows Dubai-based crypto licenses to be recognized across the entire UAE. This is a major step to streamline the process for crypto companies and reduce operational risks. The partnership also includes a Legislative Review Committee to refine regulations and strengthen the UAE's position as a global hub for virtual assets.
Tags: #Crypto #UAE #BinanceSquare #Blockchain
