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HomeCrypto NewsDubai lays out regulatory specifications and mandates licensing for cryptocurrency businesses.

Dubai lays out regulatory specifications and mandates licensing for cryptocurrency businesses.

The new virtual asset regulations in Dubai state that companies dealing in cryptocurrencies must be authorized and in possession of the required licenses in order to conduct business there.

Business obligations are outlined in-depth regulations that were released on Tuesday, including compliance, risk-management, and cyber security standards.

Different sets of rulebooks cover different activities, such as issuance, advisory, custody, and exchange services.

Sourcecoindesk

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