JejuSunrise
Sat Jun 08 2024
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5 answers
733
Do I need license to trade crypto in UAE?｜Cryptocurrency Exchange License: Authority: Requires obtaining a license from either the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA), ensuring adherence to regulatory standards and practices.
Could you please clarify, is it necessary for me to obtain a specific license if I want to engage in cryptocurrency trading activities within the United Arab Emirates? I've read that there are authorities like the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA) that might require such a license, but I'm not entirely sure about the details. Could you elaborate on the regulatory standards and practices that I need to adhere to in order to comply with the legal framework in this regard? Thank you for your assistance.
Andrea
Sat Jun 08 2024
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7 answers
1485
Is crypto regulated in the UAE?｜Regulatory Authority: .The Securities and Commodities Authority (SCA) is the primary regulatory body overseeing the cryptocurrency sector in the UAE
Is cryptocurrency subject to regulation in the United Arab Emirates? And, could you please elaborate on the regulatory authority responsible for overseeing this sector? I've heard that the Securities and Commodities Authority, or SCA, plays a significant role in this regard. Could you provide more details about the SCA's role and responsibilities in regulating the cryptocurrency industry within the UAE?
