- UAE’s financial watchdog, SCA, has published draft regulations and are asking for feedback.
- They will be providing final drafter legislation regarding the industry, once all is digested in terms of feedback.
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.
It 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, the SCA noted, adding that the proposals will be taken into consideration for the final regulation.
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