Max Davis writes for City AM on how the UAE has established itself as a global front runner in the race to regulate digital assets
Max Davis, Legal Director, writes for City AM - Crypto A.M on how the UAE has established itself as a global front runner in the race to regulate digital assets.
The clamour for effective regulation governing crypto assets has only grown louder following the fallout from FTX’s collapse.
Legislators and regulators across the world have responded by creating, updating and innovating more robust regulatory regimes that can both mitigate risk and facilitate the exciting opportunities that crypto assets present.
In the race to regulate digital assets attractively and effectively, the UAE has established itself as a global frontrunner. The region’s strategic vision of becoming a regulatory pioneer was self-evident as far back as 2018, when the Abu Dhabi Global Market became the first jurisdiction in the world to introduce a bespoke framework for digital assets. The rest of the UAE was quick to follow suit.
Read the full article in City AM here.