In March 2022, the DFSA published Consultation Paper (CP) 143 on the regulation of Crypto Tokens, with the intention of putting into place a comprehensive regime that addressed a wide range of risks associated with Crypto Token business. This included requirements relating to technology, governance, custody, disclosure, market abuse and fraud. Since then, many regulatory […]
DFSA: UPDATES ON THE REGULATION OF CRYPTO TOKENS Read More »
As part of the DFSA’s efforts to support and enable new financial service business models, a regime was introduced in 2018 to accommodate small and medium sized enterprises (SMEs) obtaining finance through Loan and Investment Crowdfunding Platforms. However, like many financial services, crowdfunding evolved, it is providing financing to SMEs, and used to finance the
DFSA: UPDATES ON THE REGULATION OF CROWDFUNDING Read More »
Following reviews conducted during 2023, the Committee proposes to update the requirements relating to banks’ exposures to stablecoins. The proposals flesh out the criteria on the composition of the reserve assets that back stablecoins, covering issues such as the credit quality, maturity and liquidity of the reserve assets. The requirements determine whether the stablecoins to
The Central Bank of the UAE (CBUAE) has issued the UAE Islamic Finance Report 2023 which highlights the sustainable Islamic finance efforts of Islamic financial institutions (IFIs) across the UAE. The report comes in line with the UAE’s Year of Sustainability and its recent hosting of COP28. The report analyses the performance of various Islamic
Islamic Finance Report 2023 Read More »
Dubai: Dubai has been recognised as a premier global city for talent flows, securing the third position just after London and New York, according to a recent Harvard Business Review report. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, lauded the emirate’s notable
Dubai ranked third globally for talent flows: Harvard Business Review Report Read More »
The United Arab Emirates is among the world’s most dynamic markets in terms of foreign trade, with trade accounting for 167% of the GDP according to the latest available data from World Bank. The country is one of the world’s top 20 largest exporters and importers of commodities and the largest trading nation in the
UAE Foreign Trade in Figures Read More »
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