SCA approves crypto assets regulation

SCA approves crypto assets regulation

Source: Unlock

The UAE SCA ,(Securities and Commodities Authority) during its recent Board of Directors virtual meeting headed by H.E.  Abdulla Bin Touq, Minister of Economy and President of Board of Director has approved the crypto assets legislation.

According to the SCA press release, the meeting discussed several initiatives to develop the financial service sector related to stock market to meet the highest international standards. The meeting discussed several topics and issues in relation to the stock market as well.

First the board discussed and approved UAE's 10X in terms of permitting companies in free zone areas to list on the stock exchange in accordance to Dubai 10x STRATEGY amending as such the board's decision 11/R.M. 2016.

The board also amended others terms and conditions with regards to decision number 11/R.M. for the year