Rules to Permit ICO in the UAE

Rules to Permit ICO in the UAE

A new rule is to be introduced in the United Arab Emirates in the first half of 2019 to allow the initial coin offerings (ICOs) as a corporate funding option. The Head of U.A.E’s securities watchdog, Obaid Saif al-Zaabi explained, “The board of the Emirates Securities & Commodities Authority has approved considering ICOs as securities.”

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