UAE Finalizing ICO and Blockchain Regulations

The United Arab Emirates regulatory body has approved ICO tokens as securities and a completed framework will be available in the small middle eastern country in the middle of next year, according to a report in local news outlet TheNational.ae.

Not only has the Securities and Commodities Authority committed to having a full regulatory framework in place by the middle of next year, but they have also announced intentions to work with the Abu Dhabi Securities Exchange and Dubai Financial Market to develop localized trading platforms for crypto assets.

Reference: https://www.ccn.com/uae-finalizing-ico-and-blockchain-regulations-mid-2019-target/

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