UAE Financial Watchdog Gives Crypto Green Light
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The United Arab Emirates' Securities and Commodities Authority (SCA) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support regulation of cryptocurrencies within DWTCA's free zone, reports.

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With the agreement, DWTCA could expand business licenses, services and incentives. SCA, in turn, will handle the regulatory oversight of the crypto turnover under DWTCA's jurisdiction. Helal Saeed Almarri, Director General of DWTCA, says the region wants to offer a "sustainable home" for crypto-related ecosystem.

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