Crypto Regulations in Dubai
Dubai is embracing cryptocurrencies and crypto service providers with its latest regulatory framework. In March 2022, Vice President Sheikh Mohammed bin Rashid Al Maktoum, approved the Regulation of Virtual Assets in the Emirate of Dubai (also known as the Virtual Assets Law) along with the establishment of the Virtual Assets Regulatory Authority. This set of regulations is the first of its kind and demonstrates Dubai’s commitment towards innovation while balancing investor protection.
FinReg Memo on Crypto Regulations in Dubai