Press Releases
By TCA PR
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The concepts of Anti-Money laundering, and consumer protection remain paramount
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As digital assets built on blockchain revolutionize the world of Fintech, whether in payments, fund raising, and asset ownership and trading, regulators globally and in the MENA…
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As a part of STO LAB MENA’s first initiative KARM Legal Consultants in collaboration with UK Based Acuity Law and Malta based LEX Group worked on the comparative Analysis of…
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According to Kokila Alagh, Founder of KARM Legal and the STO LAB MENA, stated, “ The STO LAB, which is a ‘one stop shop’ for projects aiming at security token issuances, intends…
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One of the major points made in the report is the issue of varied terminologies used by different regulatory bodies.
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Similarly, the treatment of these assets or tokens by the regulators, vis-à-vis their existing regulations is also a subject of debate and interest.
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The report aims to share information on the regulations pertaining to crypto assets in a simplified format that can be easily digested by both laymen and lawmen across the region…
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Saeed Hareb Al Darmaki, Co-Founder, Alphabit and advisor to MENA Fintech Association who wrote the forward of the report stated, “ I have had the chance to…
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Marwan Al Zarouni, CEO of Dubai Blockchain Center adds, “ The blockchain and digital assets space has witnessed a surge in the introduction of guidelines and …
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The report delves into how different regulatory bodies such as ADGM (Abu Dhabi Global Market), and the Central Bank of Bahrain created completely difference categories of tokens…
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For example ADGM’s OCAB Framework has classified Digital Assets into: (i) Digital
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Securities; (ii) Crypto Assets; (iii) Fiat Tokens; (iv) Derivatives/ Funds of Digital Assets; and (v) Other Digital Assets.
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According to the report, each of these financial regulators has taken a very stringent view with respect to issuance of security tokens.
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In addition the report looks into the licenses being offered in each territory, the prices of these licenses and the requirements for each.
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The report concludes that globally regulators are analyzing the regulatory approach that they wish to adopt in respect of Digital Assets.
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