Breaking: The UAE Central Bank (CBUAE) has expanded its oversight to all stablecoins and DeFi activities, effective immediately.
This shift from VARA's domain means stricter compliance but also opens doors for innovation in fiat-backed assets like AED-pegged stablecoins.
Key impacts for innovators:
Enhanced user protections, clearer licensing paths, and potential for institutional adoption in remittances and cross-border payments.
What does this mean for your fintech strategy?
Share your insights below—let's connect on how to navigate this evolving landscape!
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