What You Need to Know About Virtual Assets Law in the UAE?

in virtualassetslaw •  2 years ago 

Virtual asset is an innovative technology representing value which could be stored, traded, transferred or used as a payment tool in a digital form. Bitcoin, crypto assets, non-fungible tokens (NFTs) are all virtual assets. In line with this, the Emirates of Dubai has issued a new law called the Law No. 4 of 2022 (Dubai Virtual Assets Law), aiming to regulate the global virtual asset industry in the Emirate of Dubai. The law balances the need for business growth vis-à-vis the virtual assets, with the need for their regulation. Read more: https://www.professionallawyer.me/blog/business-law/what-you-need-to-know-about-virtual-assets-law-in-the-uae/
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2 years ago by

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