The federal securities regulator in the United Arab Emirates will start accepting applications from companies looking to provide crypto services in the country, according to a Monday announcement. All virtual-asset service providers in the country - except for companies that are already licensed in the UAE's financial free zones - must apply for approval with the Securities and Commodities Authority. The licensing regime was approved by the SCA on Monday following a decision by the UAE Council of Ministers last year to regulate the crypto industry. The SCA took on the role of regulating the sector earlier this year.
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