In a step that reflects the emirate's continuous endeavor to adopt new trends in various sectors

Transforming “Dubai World Trade” into an integrated region that supports the regulation of virtual and crypto assets

The center will work with the private sector to build a model legislative and supervisory system for digital assets.

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Within the new economic directions of the Dubai government, in the direction of creating future economic sectors, it was announced yesterday, the adoption of the transformation of the Dubai World Trade Center into an integrated zone, which supports the regulation of control over virtual and encrypted assets, their products, digital exchanges and operators in the Emirate of Dubai.

This step reflects Dubai's continuous endeavor to adopt new trends in various economic and financial sectors, and to attract talents and distinguished competencies within the promising specializations.

The Dubai World Trade Center will work closely with the private sector and relevant authorities to build a model legislative and supervisory system for digital assets, formulate strict anti-money laundering standards and track cross-border transactions to provide and build a governance system and a safe business environment for companies, individuals and investors in the field of virtual and encrypted assets. In cooperation with all the authorities in Dubai.

In light of the efforts to develop virtual asset markets in Dubai, an integrated legislative framework will be developed for digital and crypto asset products (Crypto), non-fungible tokens (NFT) and other future products that support building an integrated and secure business environment for virtual and crypto assets in the Emirate of Dubai, including It consolidates its global position in this field.

• Establishing a governance system and a safe business environment for companies and investors in the field of virtual assets.

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