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UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit

Published 10/27/2019, 05:20 AM
Updated 10/27/2019, 05:41 AM
UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit

The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.

With the focus usually on China, Japan or the United States, the Middle East is an area that doesn't often get the attention it deserves when it comes to blockchain and cryptocurrencies. However, barring a few highly restrictive countries, such as Iraq and Kuwait, the region generally exhibits a very progressive and supportive stance when it comes to the blockchain industry.

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