Dubai and the UAE Coordinate Crypto Frameworks Under New Partnership
According to a report by Jinse Finance, the United Arab Emirates (UAE) has taken a significant step forward in coordinating its approach to cryptocurrency regulation. The UAE Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) have announced the establishment of a strategic partnership to unify the country's cryptocurrency regulatory framework. A VARA spokesperson stated that this latest development formally establishes an agreement between the two regulatory bodies and will implement this intention through specific mechanisms.
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