Articles

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

Qatar’s New DLT Guidelines: Balancing Innovation and Regulation in the FinTech Landscape

  Key Takeaways: The Qatar Central Bank has introduced the Distributed Ledger Technology Guideline, effective 22 July 2024, to provide a regulatory framework for DLT applications

Switzerland’s Crypto Playground: Navigating the Regulatory Maze

Key Takeaways Switzerland is a global hub for crypto businesses, offering a robust financial infrastructure. The Swiss Financial Market Supervisory Authority (FINMA) is the primary

SCAnning VASPs: Guidelines for Regulation of Virtual Assets and Virtual Asset Service Providers

Key Takeaways In July 2024, the SCA issued new guidelines to regulate Virtual Assets (VAs) and Virtual Asset Service Providers (VASPs) in the UAE. There is nothing to indicate that the