The United Arab Emirates Securities and Commodities Authority (SCA) is starting to support cryptocurrency activities within the Dubai World Trade Center.
- Dubai World Trade Center Authority (DWTCA), under its agreement with the Securities and Commodities Authority, to crypto money projects that fall under its jurisdiction. operating license and license can give.
- Halal Saeed Almarri, Managing Director of DWTCA, “Our agreement with the Securities and Commodities Authority will increase the legal and licensing capabilities of DWTCA, as well as enhance centralized control of the crypto market in our free zone.” said.
- Free zone established in 2015 within the body of Dubai World Trade Center; It hosts startups, SMEs and larger companies.
- Cryptocurrency issuances, offerings, listings and trading, which fall under the jurisdiction of DTWTCA, will be overseen by the Securities and Commodities Authority under the agreement.
- SCA, which regulates the financial markets of the United Arab Emirates, will also monitor organizations located in the free zone at the Dubai World Trade Center.
Image: SCA Deputy CEO Dr. Maryam Al Suwaidi and Halal Saeed Almarri, Managing Director of Dubai World Trade Center Authority (image modified by Koin Bulletin)
The article titled DWTCA and SCA Agree to Support Crypto Regulations in Dubai was prepared by Ömer SAKMAR and published on koinbulteni.com.