The UAE financial regulator asks for feedback on incoming crypto regulation

UAE’s financial watchdog, SCA, has published draft regulations and is asking for feedback.
The SCA will be providing final drafted legislation regarding the industry, once it is all digested in terms of feedback.

Ken Chigbo Independent Analyst

The financial watchdog, the United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) recently published a set of draft regulations for crypto assets.

The organization is seeking feedback from the industry, as noted via an official statement from Oct. 15. The SCA will be collecting public feedback on the draft regulations until Oct. 29, prior to providing the final drafted legislation regarding the industry.

The SCA details that all parties involved in the crypto industry, including; investors, brokers, financial analysts, researchers, media, and others, are invited to provide their feedback on the document, adding that the proposals will be taken into consideration for the final regulation.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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