Browsing: regulation

The UAE – along with the Middle East – is ready to become the testing ground for a range of groundbreaking consumer applications of blockchain technology, expanding beyond cryptocurrency exchanges and price speculation. This initiative kicks off with the tokenisation of tickets by Dubai-based Blocklive, in collaboration with MICRO MUTEK.AE, to introduce the UAE’s first fully blockchain-based music festival.

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.