Quote from: zasad@ on February 09, 2023, 03:47:55 PM

https://www.coindesk.com/policy/2023/02/07/dubai-mandates-licensing-for-crypto-companies-as-it-sets-out-regulatory-requirements/
Dubai Mandates Licensing for Crypto Companies as It Sets Out Regulatory Requirements
A new set of rulebooks from the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising.
"With bespoke rules and guidelines designed to provide clarity, assure certainty, and mitigate market risks, VARA seeks to develop a model framework for global economic sustainability within an innovation-centric environment that is truly borderless, technology agnostic, and future-focused," the regulator said on Tuesday.

https://www.coindesk.com/policy/2023/02/08/dubai-prohibits-privacy-coins-under-new-crypto-rules/
Dubai Prohibits Privacy Coins Like Monero Under New Crypto Rules
The issuance of anonymity-enhancing crypto are banned under the Emirate's new regulations for digital assets.

The mandate of licensing for crypto companies in Dubai is made for several reason and for me it’s make sure there is continuous and reliability. This policies help to ensures compliance with regulatory standards, fostering trust and stability in the crypto market. it helps prevent fraud and illegal activities, safeguarding investors and the financial system.when you talk about financial systems cases of fraud are very crucial and important to handle with the of country Dubai practice it system of governance and accountability.