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Dubai adopts the virtual assets law, establishes Independent authority for oversight

2022/03/09 14:00

According to Coindesk, UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum announced on twitter that Dubai adopts the virtual assets law, establishes Independent authority for oversight. The independent authority, he continued, will "oversee the development of the best business environment in the world for virtual assets in terms of regulation, licensing, governance, and in line with local and global financial systems."
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