Attorney explains new federal digital asset legislation within the United Arab Emirates

Lawyer explains new federal virtual asset law within the United Arab Emirates

The United Arab Emirates (UAE) has handed a new law that governs virtual assets, environment up the nation’s preliminary regulatory regime for the cryptocurrency establish at the federal level.

Sooner than the federal-level law, the UAE already presented several supervisory initiatives for digital assets in economic free zones adore the Abu Dhabi Global Market (ADGM). Final year, Dubai also established its safe crypto regulator known as the Digital Asset Regulatory Authority (VARA).

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<em>Regulated actions under the new law. Source: Irina Heaver</em>

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