UAE Virtual Asset Ecosystem

Virtual Assets in the U.A.E. have been classified as fully regulated, by the U.A.E. Ministry of Economy – Anti-Money Laundering Department.

• According to the Ministry, the U.A.E. has created a regulatory ecosystem for Virtual Assets, which:
  • Synchronises the country's federal and local regulatory landscape and
  • Aligns 1) supervisory and 2) enforcement levers.
• The ecosystem, which is meant to be, at the same time: 1) progressive and 2) secure, is based on the comprehensive set of Guidelines, which:
  • Set out supervisory controls, to ensure: 1) market growth, on the one hand, and 2) investor protection, on the other.
  • With the objective of operating Virtual Assets, withagility, and yet, mitigating and managing risks, associated with Virtual Assets.