News with the tag "digital asset regulations"

Dubai’s Virtual Assets Regulatory Authority has issued fines ranging from $13,600 to $27,200 to seven entities operating without a license or breaching marketing regulations.

The central bank mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.

While this application process is intended to improve compliance, VASPs are directed to complete it no later than 30 days from the circular date.