The SCA has published the Chairman of the Authority’s Board of Directors’ Decision No. (…) of 2021 Regulating the Virtual Asset and the Digital Product, and the amendments related thereto in the guide of financial activities rules, as well as the decision of the market’s work on its website www.sca.gov.ae. This is for the purpose of receiving observations and obtaining the views of specialists, those interested and the financial industry in general.

Knowing that Authority has set the date of December 27 as the last date for receiving comments and views, and that the version displayed on the website is a preliminary draft, and some of the provisions contained therein may be modified upon issuance.

The draft of the decision regulating virtual asset and digital product included 16 articles.

Observations are to be sent through e-mail: virtual_assets@sca.ae.

Copies of the drafts are below… Click here.