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2019-10-29 12:06:25

Cryptocurrency regulations in UAE need clarity for 2020; resolution

The need for safer cryptocurrency regulations in UAE, the United Arab Emirates, has been pushed forward in the country’s top authority. A resolution has been drafted by the UAE’s Securities and Commodities Authority (SCA) to regulate digital assets more efficiently. This allows for more transparency in cryptocurrency initiatives in the nation. The case for cryptocurrency regulations in UAE Sukhi Jatla, an analyst, aimed to explain why the need for cryptocurrency regulations in UAE was a positive indicator in a recent interview. She mentioned that this showed that the country is receptive to traversing this area, and the forming of such