208 results found

Remittances serve as symbols of hope and opportunities, extending beyond financial transactions to play a transformative role in regions like rural India, Mexico, and the UAE.

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 judiciary's approach to

Dubai is unique in having two fully independent regulatory frameworks for crypto-assets — the Virtual Assets Regulatory Authority ("VARA") and the Dubai Financial Services Authority ("DFSA")...

South Korea is rapidly advancing virtual asset regulation, specifically to monitor cross-border transactions and address a "blind spot" in oversight that has facilitated financial crimes.

Blockchain is the digital and decentralized ledger network that supports virtual currencies and is responsible for logging all transactions.

If you would like to offer virtual asset services in Dubai, you must obtain the relevant licences and/or approval from Dubai's Virtual Assets Regulatory Authority...

The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) has developed two significant regulatory drafts regarding software...

In a rare judgment, the Appeals Court of Ras Al-Khaimah (UAE) applies the elements of contract formation of the Federal Civil Transactions Law to invalidate a cryptocurrency transaction – finding that the object of the agreement did not fulfill the requirements of being "possible, specified or specifiable, and negotiable".

A customer buys a token advertised as “backed by gold”. What have they bought? A share of gold in a vault? A promise that someone will deliver gold? Or an investment that pays according to the gold price? If the business cannot answer that question clearly, neither can the customer.

On 11 March 2022, Dubai Law No. 4 of 2022 Regulating Virtual Assets in the Emirate of Dubai (the "Law") came into effect. The Law establishes the foundation of a regulatory regime for virtual...

A customer may pay in stablecoins while the merchant receives dirhams. Network International’s announcement on 9 September 2026 illustrates how this can work: its retail payment pilot uses DDSC, a digital token designed to maintain a value of one UAE dirham per token, but allows merchants to receive sales proceeds in either DDSC or UAE dirhams. This choice of how the merchant is paid, known as settlement, is central to understanding what a stablecoin payment means for the merchant receiving it.

A recent judgment by the Dubai Appeals Court following a series of civil suits and criminal complaints has shed light on pitfalls and best practices when faced with disputes arising from cryptocurrency...

Virtual asset proprietary trading ("Prop Trading"), where firms trade digital assets using their own capital has gained significant traction amid the global rise of cryptocurrencies and blockchain-based financial systems.

As the UAE positions itself as a global hub for innovation and digital assets, Anti-Money Laundering (AML) compliance has become a cornerstone for trust and sustainability in crypto-related financial services...

Non-fungible tokens are seen by some as an exciting new way to own digital assets such as art, but seen by others as a global confidence trick akin to The Emperor's New Clothes.

As digital asset businesses mature and global regulators begin to converge around common standards, founders, investors, and legal advisors are increasingly looking toward Abu Dhabi Global Market (ADGM)...

Staking is often presented as a feature that a virtual asset business can simply switch on. Legally, the position changes when the business moves from staking its own assets to providing a service using assets that belong to customers. The technology may look similar in each case. Regulatory treatment in Abu Dhabi Global Market (ADGM) may differ significantly.

Decentralised finance (DeFi) is evolving beyond a purely speculative, crypto-native activity into a more mature ecosystem that increasingly seeks sustainable yield and real-world impact...