{"id":57624,"date":"2022-03-09T20:13:14","date_gmt":"2022-03-09T16:13:14","guid":{"rendered":"https:\/\/lovin.co\/dubai\/en\/?p=57624"},"modified":"2022-03-09T20:13:15","modified_gmt":"2022-03-09T16:13:15","slug":"hh-sheikh-mohammed-just-announced-a-first-of-its-kind-law-to-regulate-virtual-assets-in-dubai","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/announcements\/hh-sheikh-mohammed-just-announced-a-first-of-its-kind-law-to-regulate-virtual-assets-in-dubai\/","title":{"rendered":"HH Sheikh Mohammed Just Announced A First-Of-Its-Kind Law To Regulate Virtual Assets In Dubai"},"content":{"rendered":"<p>The virtual assets world is expanding big time! It&#8217;s about investing in cryptocurrencies and non-fungible tokens (NFTs).<\/p>\n<h2>And that&#8217;s why HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a first-of-its-kind virtual assets law<\/h2>\n<p>The Dubai Virtual Assets Regulatory Authority has also launched to regulate all virtual assets.<\/p>\n<div style='clear:both;'><\/div>\n<p><!--infeed--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Today, we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE\u2019s position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors. <a href=\"https:\/\/t.co\/LuNtuIW8FM\">pic.twitter.com\/LuNtuIW8FM<\/a><\/p>\n<p>\u2014 HH Sheikh Mohammed (@HHShkMohd) <a href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1501566703322513408?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The new Authority, launched under the Dubai World Trade Center Authority, will cooperate with all related entities to ensure maximum transparency and security for investors. It will oversee the regulation, licensing and governance of virtual assets, non-fungible tokens (NFTs), and cryptocurrencies. It will also safeguard the personal data of users and monitor digital transactions.<\/p>\n<p>The authority will be responsible for:<\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Organizing issuing and trading of virtual assets and virtual tokens.<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022 Organizing and Authorizing virtual asset service providers,<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Ensure highest standards of protection for beneficiaries&#8217; personal data,<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Organizing the operation of VA platforms and portfolios.<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Monitor transactions and prevent VA price manipulation.<\/span><\/p>\n<blockquote class=\"instagram-media\" style=\"background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/Ca45W1Docj0\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\">\n<div style=\"padding: 16px;\">\n<p>&nbsp;<\/p>\n<div style=\"display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display: block; height: 50px; margin: 0 auto 12px; width: 50px;\"><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\"color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\"width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\"background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;\"><a style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;\" href=\"https:\/\/www.instagram.com\/p\/Ca45W1Docj0\/?utm_source=ig_embed&amp;utm_campaign=loading\" target=\"_blank\" rel=\"noopener\">A post shared by Lovin Dubai | \u0644\u0648\u06a4\u0646 \u062f\u0628\u064a (@lovindubai)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The virtual assets world is expanding big time! It&#8217;s about investing in cryptocurrencies and non-fungible tokens (NFTs). And that&#8217;s why HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a first-of-its-kind virtual assets law The Dubai Virtual Assets Regulatory Authority has also launched to &hellip; ","protected":false},"author":2829,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,85],"tags":[],"acf":{"hide_featured_image":false,"featured_image":{"ID":57625,"id":57625,"title":"virtual assets dubai","filename":"virtual-assets-dubai.jpg","filesize":54517,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai.jpg","link":"https:\/\/lovin.co\/dubai\/en\/announcements\/hh-sheikh-mohammed-just-announced-a-first-of-its-kind-law-to-regulate-virtual-assets-in-dubai\/attachment\/virtual-assets-dubai\/","alt":"virtual assets dubai","author":"2829","description":"","caption":"","name":"virtual-assets-dubai","status":"inherit","uploaded_to":57624,"date":"2022-03-09 15:41:43","modified":"2022-03-09 15:41:51","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/lovin.co\/dubai\/en\/wp-includes\/images\/media\/default.png","width":700,"height":350,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai-small.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai-medium.jpg","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai.jpg","medium_large-width":700,"medium_large-height":350,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai-large.jpg","large-width":700,"large-height":350,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai.jpg","1536x1536-width":700,"1536x1536-height":350,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai.jpg","2048x2048-width":700,"2048x2048-height":350,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai-230x115.jpg","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/1\/2022\/03\/09194143\/virtual-assets-dubai.jpg","custom-size-width":400,"custom-size-height":200}},"featured_image_caption":"","summary":"","flexible_content":[{"acf_fc_layout":"text_block","content":"<p>The virtual assets world is expanding big time! It&#8217;s about investing in cryptocurrencies and non-fungible tokens (NFTs).<\/p>\n<h2>And that&#8217;s why HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a first-of-its-kind virtual assets law<\/h2>\n<p>The Dubai Virtual Assets Regulatory Authority has also launched to regulate all virtual assets.<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Today, we approved the virtual assets law and established the Dubai Virtual Assets Regulatory Authority. A step that establishes the UAE\u2019s position in this sector. The Authority will cooperate with all related entities to ensure maximum transparency and security for investors. <a href=\"https:\/\/t.co\/LuNtuIW8FM\">pic.twitter.com\/LuNtuIW8FM<\/a><\/p>\n<p>\u2014 HH Sheikh Mohammed (@HHShkMohd) <a href=\"https:\/\/twitter.com\/HHShkMohd\/status\/1501566703322513408?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n"},{"acf_fc_layout":"text_block","content":"<p>The new Authority, launched under the Dubai World Trade Center Authority, will cooperate with all related entities to ensure maximum transparency and security for investors. It will oversee the regulation, licensing and governance of virtual assets, non-fungible tokens (NFTs), and cryptocurrencies. It will also safeguard the personal data of users and monitor digital transactions.<\/p>\n<p>The authority will be responsible for:<\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Organizing issuing and trading of virtual assets and virtual tokens.<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022 Organizing and Authorizing virtual asset service providers,<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Ensure highest standards of protection for beneficiaries&#8217; personal data,<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Organizing the operation of VA platforms and portfolios.<\/span><\/p>\n<p class=\"_04xlpA direction-ltr align-center para-style-body\"><span class=\"JsGRdQ\">\u2022Monitor transactions and prevent VA price manipulation.<\/span><\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<blockquote class=\"instagram-media\" style=\"background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/Ca45W1Docj0\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\">\n<div style=\"padding: 16px;\">\n<p>&nbsp;<\/p>\n<div style=\"display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display: block; 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flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\"width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\"background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;\"><a style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;\" href=\"https:\/\/www.instagram.com\/p\/Ca45W1Docj0\/?utm_source=ig_embed&amp;utm_campaign=loading\" target=\"_blank\" rel=\"noopener\">A post shared by Lovin Dubai | \u0644\u0648\u06a4\u0646 \u062f\u0628\u064a (@lovindubai)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n"}],"legacy_image":"","legacy_full_image":"","type_of_video":"Self Hosted","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_name_copy":"","sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"featured_for_app":false,"legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"image_feature":null,"author_name":"Farah Makhlouf","_links":{"self":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/57624"}],"collection":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/users\/2829"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/comments?post=57624"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/57624\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/media?parent=57624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/categories?post=57624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/tags?post=57624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}