On 20 August 2024, the Financial Services Regulatory Authority (the FSRA), the financial services regulator in the Abu Dhabi Global Market, published Consultation Paper No. 7 of 2024 (CP7) on a proposed regulatory framework for the issuance of stablecoins that are backed by a fiat currency, or what CP7 refers to as
CBUAE Payment Token Services Regulation
The UAE Central Bank (the CBUAE) has issued its Payment Token Services Regulation (the PTSR) for regulating stablecoins-related services in the UAE. The PTSR applies across the UAE except in the Dubai International Financial Centre (the DIFC) and the Abu Dhabi Global Market (the ADGM). We note that the PTSR also
New EMEA Regulatory Insights Podcast Episode – UAE
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Matthew Shanahan, Karl Masi and Hasanali Pirbhai from our Dubai office discuss recent UAE regulatory developments including the UAE’s removal from the FATF
2024 FinTech Outlook
In our 2024 FinTech Outlook, our lawyers from across Europe, the Middle East, Asia and the US share their insights on what to expect across the regulatory landscape in relation to FinTech and cryptoassets in 2024.
UAE removed from the FATF “grey list”
On 23 February 2024, the UAE was removed from the Financial Action Task Force’s list of “Jurisdictions under Increased Monitoring”, the so-called “grey list”.
To view our update please click here.
Regulation Tomorrow Plus: EMEA regulatory insights series – 2024 horizon scanning – UAE
In this latest episode of our EMEA regulatory insights series colleagues from Dubai provide their thoughts and insights on what 2024 holds for the UAE from a financial services regulatory perspective.
The podcast can be found here.