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I noticed an interesting point in the development of the regulatory landscape in the UAE. The SCA and Dubai's regulator VARA have just signed an agreement that unifies the approach to cryptocurrency oversight across the country. This is a quite significant step.
The essence is that licenses issued in Dubai are now starting to be recognized in other emirates. It sounds like a simplification, but in practice, companies still need to undergo compliance checks with local requirements. This does not mean that you can just take a license and operate everywhere without restrictions.
But overall, the move is correct. Such unification by the SCA and local authorities reduces bureaucratic barriers and brings the UAE closer to global regulatory standards. It’s easier for companies to plan expansion, with less uncertainty.
For crypto projects, this means a more predictable environment. Especially if they work with SOL, TON, or other assets — regulatory clarity is becoming increasingly important. We await how this will affect the attraction of new players to the market.