UAE
UAE: Dubai World Trade Centre to set up specialised crypto zone
The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for cryptocurrencies and other virtual assets, the Dubai Media Office said on Monday, as part of efforts to attract new business as regional economic competition heats up.
The move by the DWTC to create a specialised zone for virtual assets – including digital assets, products, operators and exchanges is part of a drive by Dubai to create new economic sectors, the statement said.
Rigorous standards for investor protection, anti money laundering, combating the financing of terrorism, compliance and cross border deal flow tracing, will be developed, it said.
