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<h2 id="span-style-font-size-19px-color-inherit-font-weight-bolder-guidance-for-vasps-issued-by-the-central-bank-of-the-uae-span-br">Guidance for VASPs Issued by the Central Bank of the UAE </h2>
The Central Bank of the UAE and other regulators have issued joint guidance for <a href="https://www.coingabbar.com/en/crypto-currency-news/za-bank-to-launch-retail-virtual-asset-trading-in-hong-kong" class="f-link" rel="noopener noreferrer nofollow">virtual asset</a> service providers (VASPs). The guidelines required all licensed financial institutions and VASPs to report transactions involving unlicensed <a href="https://www.coingabbar.com/en/crypto-currency-news/africa-focused-crypto-exchange-yellow-card-receives-botswana-vasps-license" class="f-link" rel="noopener noreferrer nofollow">VASPs</a>, and they included a list of "Red Flags" for identifying suspicious VASPs.&nbsp;
Unlicensed VASPs could face civil and criminal penalties, while those willing to deal with them could also face law enforcement actions.

The Central Bank of UAE Issued Guidance For VASPs

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