Articles

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

Betting on Change: The UAE Rolls on New Regulator for Gaming Licences

Key Takeaways The General Commercial Gaming Regulatory Authority (GCGRA) has been introduced to oversee and regulate the UAE’s gaming (gambling) industry. The GCGRA aims to create a

Seychelles Steps Up: New Bill to Regulate Virtual Asset Service Providers

Key Takeaways The VASP Bill was introduced on 12 July 2024 to regulate VASPs in the Seychelles. The VASP Bill follows a 2022 National Risk Assessment highlighting high money laundering

Unlocking Opportunities: A Comprehensive Guide to the Central Bank’s Open Finance Regulation

Key Takeaways The CBUAE has introduced the Open Finance Regulation as part of its ‘Financial Infrastructure Transformation Programme’ to boost financial technology in the country.

Securing Digital Finance: An Overview of the UAE’s Payment Token Services Regulation

Key takeaways: The CBUAE has issued new regulations prohibiting services with respect to stablecoins, including their issuance, custody, transfer, or conversion, without a licence or

DIFC’s Crypto Regulatory Update: Expanded Investment Horizons for Domestic Funds

Key Takeaways The DIFC has amended its existing regulatory framework to allow investment funds to deal in additional crypto assets. Now, in addition to the five recognised crypto tokens,

Garden of Eden: Are Offshore Jurisdictions still a haven for VASPs?

KEY TAKEAWAYS During the first ICO boom of 2017, the Cayman Islands and the British Virgin Islands were seen as crypto havens. However, with the introduction of stricter compliance and

B2B MENA Prime gets initial Approval

Dubai’s status as a leading global crypto hub continues to be cemented with the latest licensing development. B2B Prime Digital MENA, the MENA entity of B2 Prime Group, has received initial