minenovo
Active member
Dubai is introducing its very own cryptocurrency regulator which will be overseeing the use and trade of various crypto assets within its jurisdiction.
The new regulator is called Dubai Virtual Assets Regulatory Authority, it is formed under the Dubai Virtual Asset Regulation Law and it will be overseeing all cryptocurrency assets as well as NFTs in the emirate. That was announced by the ruler of Dubai, Sheikh Mohammed Bin Rashid.
He said “The future belongs to whoever designs it… and today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector.”
Source
I don’t think anyone can argue with that, especially considering the incredible popularity of cryptos recently.
The new regulator is called Dubai Virtual Assets Regulatory Authority, it is formed under the Dubai Virtual Asset Regulation Law and it will be overseeing all cryptocurrency assets as well as NFTs in the emirate. That was announced by the ruler of Dubai, Sheikh Mohammed Bin Rashid.
He said “The future belongs to whoever designs it… and today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector.”
Source
I don’t think anyone can argue with that, especially considering the incredible popularity of cryptos recently.
