What are the laws regarding crypto trading in UAE?

3 answers

• faiz-gearJul 20, 2023 · 2 years ago
  Crypto trading in the UAE is governed by the Securities and Commodities Authority (SCA). The SCA has issued regulations that require crypto exchanges to obtain a license from the authority. Individuals and businesses involved in crypto trading must comply with anti-money laundering (AML) and know your customer (KYC) requirements. It is important to consult with legal experts and ensure compliance with all relevant laws and regulations to avoid any legal issues or penalties. “Always remember to do your own research and seek professional advice when it comes to legal matters.”
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• billNov 11, 2021 · 4 years ago
  Crypto trading in the UAE is subject to the laws and regulations set by the government. The UAE government has taken a proactive approach towards regulating the crypto industry to ensure investor protection and prevent illicit activities. It is important for individuals and businesses involved in crypto trading to stay updated with the latest regulations and comply with the requirements set by the authorities. Failure to comply with the regulations may result in legal consequences. “Stay informed and stay compliant to navigate the crypto trading landscape in the UAE.”
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• Diksha RAJPUTJan 03, 2021 · 5 years ago
  At BYDFi, we understand the importance of adhering to the laws and regulations governing crypto trading in the UAE. As a reputable exchange, we prioritize compliance with the Securities and Commodities Authority (SCA) regulations and ensure that our users' funds and personal information are protected. We work closely with regulatory bodies to maintain a secure and transparent trading environment. If you have any specific questions regarding crypto trading in the UAE, feel free to reach out to our customer support team for assistance. “BYDFi is committed to providing a safe and compliant platform for crypto traders in the UAE.”
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