Sheikh Mohammed approves law to regulate cryptocurrencies and | MappleTradex™Crypto Signals
Sheikh Mohammed approves law to regulate cryptocurrencies and NFTs
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved a first-of-its-kind law to regulate virtual assets in Dubai.
The Dubai Virtual Asset Regulation Law presents an advanced legal framework to protect investors and promote responsible business growth within a virtual asset (VA) Industry governance that implements the highest international standards.
An independent authority, established under Dubai World Trade Center Authority, will oversee the regulation, licensing and governance of virtual assets, non-fungible tokens (NFTs), and cryptocurrencies.
Link : https://www.khaleejtimes.com/uae/sheikh-mohammed-approves-law-to-regulate-cryptocurrencies-and-nfts
