Mohammed bin Rashid adopts the first law of its kind to regulate virtual assets

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today approved the first law of its kind to regulate virtual assets.

His Highness said in a tweet on his Twitter account, "Today, we adopted the first law of its kind in Dubai to regulate virtual assets. We established an independent authority to oversee the development of the best business environment in the world for virtual assets in terms of regulation, licensing, governance and consistency with local and global financial systems." The future belongs to whoever designs it.. Today, through the virtual assets law, we seek to participate in the design of this new and rapidly growing global sector.. Our step is a leap towards the future aimed at developing this sector and protecting all investors in it.. And the future is more beautiful.. comprehensive.. and better, God willing. "

Follow our latest local and sports news and the latest political and economic developments via Google news