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Saturday, May 17, 2025

United Arab Emirates Takes Steps To Regulate Crypto After Being Placed On Watchlist - Benzinga

Investing outlook: Get ready for more pain to come with heightened macro and market volatility. Learn how to tell if the end may be near by watching out for these signs.
Abu Dhabi is the capital of the United Arab Emirates, and the second-largest city in the seven emirates.
What Happened: As of late August, the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under Mohamed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development (ADDED) and chairman of the Securities and Commodities Authority (SCA).
The committee discussed the importance of regulating blockchains as well as virtual assets to comply with Anti Money Laundering (AML) and Combating Financing of Terrorism (CFT).
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Read Full Story: https://www.benzinga.com/markets/cryptocurrency/22/08/28656078/abu-dhabi-bloc...

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