United Arab Emirates (UAE) Virtual Assets Regulatory Authority (VARA) shared the current status regarding the issuance of Islamic Coin.
According to the statement made by VARA, Bored Gen DMCC, the developer of Islamic Coin (ISLM), is involved in VARA’s investigation on the issue. full cooperation made.
Bored Gen DMCC has taken various measures in this context, including enlightening the public about Islamic Coin.
However, according to the statement made by VARA, there are still some issues regarding Islamic Coin. “technical incompatibilities” is available.
There are some approvals that Bored Gen DMCC needs to obtain before it can issue Islamic Coin in Dubai. According to VARA’s statement, unless these approvals are received, there will be no information regarding Islamic Coin. There will be no local promotion.