Dubai regulator halts unapproved crypto sale
- Date: 09-Oct-2023
- Source: AGBI
- Sector:Financial Markets
- Country:UAE
Dubai regulator halts unapproved crypto sale
Dubai’s Virtual Assets Regulatory Authority has halted the sale of Islamic Coin (ISLM), a crypto token touting its adherence to sharia and ethical principles. The intervention demonstrates the emirate’s balance of innovation and regulatory oversight, say legal insiders. In a market alert, Virtual Assets Regulatory Authority (Vara) highlighted that Bored Gen DMCC, the fintech software […]