Articles

Seoul Sees All – South Korea’s Next Level of Oversight Over Virtual Assets

Key Takeaways: South Korea is rapidly advancing virtual asset regulation, specifically to monitor cross-border transactions and address a “blind spot” in oversight that has facilitated

Trumping the Crypto Landscape: Could a Second Term Reshape the Future of Crypto in the US?

KEY TAKEAWAYS The crypto market reacted positively to Donald Trump’s election win, with Bitcoin rising to $75,000 due to anticipated pro-crypto policies. Despite previously being

The Approval of AED Stablecoin: A New Milestone for the UAE’s Digital Finance Ecosystem

The AE Coin Approval In a significant development for the UAE’s financial landscape, the country has introduced its first-ever dirham-backed stablecoin – AE Coin, launched by AED Stablecoin

UAE’s VAT Exemption on Virtual Assets: A Game Changer for Digital Assets

1. Introduction The United Arab Emirates (“UAE”) has established itself as a progressive jurisdiction for financial innovation, particularly in the realm of virtual assets and

Understanding the Regulations on the Marketing of Virtual Assets and Related Activities

Key Takeaways VARA’s marketing regulations apply to individuals and businesses promoting virtual assets. Marketing includes advertisements, social media, events, and educational

How do you solve a problem like Stablecoins? Balancing Innovation, Risk and Regulation

This article has been prepared jointly by the teams at TLP Advisors and OL Consulting Key Takeaways Stablecoins are pegged to assets like fiat currencies or commodities to maintain a

Key Updates to the UAE Labour Law: 2024 Amendments Explained

The United Arab Emirates (“UAE”) is a land of expats, with more than 80% of its population comprising foreigners.[1] The large proportion of foreign nationals who come to the UAE for work

The New Stablecoin Regime in Town: FSRA Publishes Consultation Paper on Fiat-Referenced Tokens

Key Takeaways The FSRA has proposed a new framework specifically for fiat-referenced tokens (“FRTs”), a type of stablecoin tied to traditional currencies. The FSRA has highlighted

Dubai Court Embraces Crypto: Employment Salaries may now be Payable in Cryptocurrencies 

Key Takeaways The 2024 ruling by the Dubai Court of First Instance affirms the legality of paying salaries in cryptocurrency under employment contracts, reflecting a shift in the UAE

South Korea’s New Era: Virtual Asset User Protection Act 2024 Sets a Bold Standard

Key Takeaways South Korea’s Virtual Asset User Protection Act 2024 introduces stringent regulations to enhance consumer protection in the crypto space. The Act was prompted by