Tag: Regulations

On August 8, the UAE introduced new reporting requirements for real estate transactions involving digital assets. The new rules require all real estate agents, brokers, and law firms to report all property transactions with crypto assets. According to the UAE government, the new rules are aimed at clamping down on money laundering and terrorist financing….

The International Monetary Fund (IMF) director Tobias Adrian has warned of further selloffs in crypto assets and equities. He also expects crypto to drop even more amid a recession. Tobias Adrian, director of Monetary and Capital Markets for the IMF, warned about further selling pressure in the crypto market and more crypto token failures in…

Cryptocurrency platform OKX has received a provisional virtual-asset license from the Dubai authority. The exchange plans to set up a regional hub in the city, Bloomberg said on Thursday. Crypto exchange OKX said on July 14 that it had been given a provisional virtual assets license by the Dubai Virtual Assets Regulatory Authority (VARA), which…

Crypto firms are flocking to Dubai despite local crypto trading regulations are tightening. A new law has been the most significant factor in generating interest in the UAE. Dubai is the financial hub of the Emirates, which has also encouraged cryptocurrency players to move to Dubai. The UAE has added a grey list to help…

European authorities have reached a milestone deal to regulate the trading of crypto assets in the bloc, to rein in what lawmakers call the “wild west” of financial markets. These standards are designed to protect consumers and increase transparency from companies. EU member states and the European Parliament on July 1 settled the terms of…

The UAE, Japan, and Singapore have emerged as the trendsetters in regulating the crypto market effectively, top European academic Guy Burton said, citing The Dubai Financial Services Authority explicitly included a crypto regulatory framework in its 2021 business plan. Guy Burton, an Adjunct Professor at the Brussels School of Governance, where he teaches politics and…