Articles

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

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