The United Arab Emirates (UAE) Securities and Commodities Board (SCA) has launched license applications for its virtual asset service (VASP) for cryptocurrency companies.
In a statement published on its official website on April 17, SCA stated that crypto money companies that want to operate in the country virtual asset service provider to obtain a license open applications explained.
Dubai And Abu Dhabi forming the UAE, including seven from the emirate some of them on the cryptocurrency industry licensing frameworks exists.
According to the information given in the Emirate of Dubai companies wishing to operate from SCA country, in addition to the approval From the Virtual Asset Regulatory Authority (VARA) needs a license.
Companies that want to get approval, operational efficiency And flexibility a series of like meeting standards Waiting.
On the other hand, the country in financial free zones currently licensed Re-licensing of VASPs not needed included in the information provided.