UAE reportedly plans to issue federal crypto license for VASPs
The crypto license legislation might be the first nationwide crypto-focused regulation. However, various free zones in the country had introduced crypto regulations as early as 2018. The United Arab Emirates is reportedly planning to issue a federal crypto license for virtual asset service providers by the end of the first quarter.The UAE Securities and Commodities Authority is reportedly in the final stages of finalizing legislation that would allow digital asset firms to set base in the country, reported Bloomberg. A national crypto licensing legislation would help the UAE with its goal....
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