Tuesday, February 28, 2017

United Arab Emirates Consider to Officially Recognize Bitcoin, Work on Regulatory Framework

United Arab Emirates Consider to Officially Recognize Bitcoin, Work on Regulatory Framework

Following in the footsteps of the Philippines and China, the government of the United Arab Emirates (UAE) and its Central Bank plan to provide a clear regulatory framework on the usability of Bitcoin and operations of digital currency exchanges in the near future.

On Jan. 1, 2017, the Central Bank of UAE published a document entitled “Regulatory Framework For Stored Values and Electronic Payment System” with a vision of leading market adoption digital payments and fintech technologies within the UAE.

Full story at http://bit.ly/2lLO8nx

 

 

 

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