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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 passed a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level. Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in economic free zones like the Abu Dhabi Global Market (ADGM). Last

Legal legit explains unusual federal virtual asset law in the United Arab Emirates

The United Arab Emirates (UAE) has passed a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level. Before the federal-level regulation, the UAE already introduced several supervisory initiatives for digital assets in economic free zones like the Abu Dhabi Global Market (ADGM). Last