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Privacy Tokens and Devices<\/li>
Algorithmic Tokens<\/li><\/ul>\n\n\n\n
<\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n

Privacy Tokens and Devices<\/li>
Algorithmic Tokens<\/li><\/ul>\n\n\n\n
<\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
- Non-Fungible Tokens (NFTs)<\/li>
- Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
- Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
  Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
  - Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    ADVERTISEMENT
    
    \n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    Follow The Distributed
    
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    ADVERTISEMENT
    
    \n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    \n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    Follow The Distributed
    
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    ADVERTISEMENT
    
    \n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
    Most Read
    
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    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
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    December 19, 2024
    
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    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
    
    August 15, 2024
    
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    December 3, 2024
    
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    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 3, 2024
    
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    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 3, 2024
    
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    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    CryptoCom Expands Its Crypto Services To Dubai
    
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    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    CryptoCom Expands Its Crypto Services To Dubai
    
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    December 19, 2024
    
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    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
    
    August 15, 2024
    
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    December 3, 2024
    
    Cryptocurrencies
    
    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade states that \u201cThrough our Virtual Asset Regulatory Authority and other important initiatives, we are attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.\u201d<\/li><\/ul>\n\n\n\n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
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    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
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    December 19, 2024
    
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    December 3, 2024
    
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    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    The license is set to be issued once all of the mandated requirements are met by the company. The license would allow CryptoCom to offer comprehensive crypto exchange products and services such as lending and staking<\/a>.<\/li><\/ul>\n\n\n\n
    Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade states that \u201cThrough our Virtual Asset Regulatory Authority and other important initiatives, we are attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.\u201d<\/li><\/ul>\n\n\n\n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
    Most Read
    
    Business
    
    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
    Artificial Intelligence
    
    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
    
    December 19, 2024
    
    Artificial Intelligence
    
    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
    
    August 15, 2024
    
    Artificial Intelligence
    
    Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
    
    December 3, 2024
    
    Cryptocurrencies
    
    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    VARA monitors and regulates operations and transactions on virtual assets, ensuring consumers are protected.<\/li><\/ul>\n\n\n\n
    The license is set to be issued once all of the mandated requirements are met by the company. The license would allow CryptoCom to offer comprehensive crypto exchange products and services such as lending and staking<\/a>.<\/li><\/ul>\n\n\n\n
    Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade states that \u201cThrough our Virtual Asset Regulatory Authority and other important initiatives, we are attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.\u201d<\/li><\/ul>\n\n\n\n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
    Most Read
    
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    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
    Artificial Intelligence
    
    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
    
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    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    CryptoCom, one of the largest crypto exchanges by volume, announced<\/a> that they've received provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA) for their Virtual Asset MVP license.<\/li><\/ul>\n\n\n\n
    VARA monitors and regulates operations and transactions on virtual assets, ensuring consumers are protected.<\/li><\/ul>\n\n\n\n
    The license is set to be issued once all of the mandated requirements are met by the company. The license would allow CryptoCom to offer comprehensive crypto exchange products and services such as lending and staking<\/a>.<\/li><\/ul>\n\n\n\n
    Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade states that \u201cThrough our Virtual Asset Regulatory Authority and other important initiatives, we are attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.\u201d<\/li><\/ul>\n\n\n\n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
    Most Read
    
    Business
    
    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
    Artificial Intelligence
    
    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
    
    December 19, 2024
    
    Artificial Intelligence
    
    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
    
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    December 3, 2024
    
    Cryptocurrencies
    
    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    \n
    CryptoCom expands its global footprint through the provisional approval of an operating license in the UAE's largest city, Dubai.<\/p>\n\n\n\n
    CryptoCom, one of the largest crypto exchanges by volume, announced<\/a> that they've received provisional approval from the Dubai Virtual Assets Regulatory Authority (VARA) for their Virtual Asset MVP license.<\/li><\/ul>\n\n\n\n
    VARA monitors and regulates operations and transactions on virtual assets, ensuring consumers are protected.<\/li><\/ul>\n\n\n\n
    The license is set to be issued once all of the mandated requirements are met by the company. The license would allow CryptoCom to offer comprehensive crypto exchange products and services such as lending and staking<\/a>.<\/li><\/ul>\n\n\n\n
    Dr. Thani Al Zeyoudi, the Minister of State for Foreign Trade states that \u201cThrough our Virtual Asset Regulatory Authority and other important initiatives, we are attracting companies to the UAE to build on this vision and enable technologies of the future to flourish here.\u201d<\/li><\/ul>\n\n\n\n
    CryptoCom has had an impressive marketing campaign within the last year with the $700M purchase of LA Clippers Arena, renamed the CryptoCom arena<\/a>, and becoming the official sponsor of the 2022 World Cup<\/a>.<\/li><\/ul>\n","post_title":"CryptoCom Expands Its Crypto Services To Dubai","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptocom-expands-its-crypto-services-to-dubai","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-06-06 22:07:47","post_modified_gmt":"2022-06-06 12:07:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5478","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4757,"post_author":"1","post_date":"2022-05-02 21:26:28","post_date_gmt":"2022-05-02 11:26:28","post_content":"\n
    Dubai-based luxury real estate developer DAMAC will begin accepting crypto payments soon.<\/p>\n\n\n\n
    DAMAC stated in a press release<\/a> on Wednesday that they will begin accepting both Bitcoin ($BTC) and Ethereum ($ETH). This decision supports Damac's vision \"of leveraging technology to provide innovative solutions to evolved customers,\" and to \"revolutionise the future of real estate.\"<\/li><\/ul>\n\n\n\n
    Ali Sajwani, the GMO of DAMAC stated that the \"move towards customers holding cryptocurrency is one of our initiatives at DAMAC to accelerate the new economy for newer generations, and for the future of our industry.\"<\/li><\/ul>\n\n\n\n
    Last year DAMAC's annual earnings report<\/a> showed over US$46M in net profits, developing properties across the globe; from UAE to Canada, and the Maldives to name a few.<\/li><\/ul>\n\n\n\n
    Dubai has been focusing its attention on providing a regulatory framework<\/a> that makes the city a safe and prosperous space for cryptocurrencies, through the Dubai Virtual Assets Regulatory Authority (VARA). This move has attracted the business of many companies as Dubai is on route to becoming a crypto hub.<\/li><\/ul>\n\n\n\n
    Another Dubai-based company, YallaMarket, began accepting cryptocurrencies<\/a> as payments last month. <\/li><\/ul>\n\n\n\n
    \n\n\n\n
    The Distributed Disclaimer<\/strong><\/p>\n\n\n\n
    Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets.<\/p>\n","post_title":"DAMAC, A Dubai Real Estate Developer To Accept Crypto Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"damac-a-dubai-real-estate-developer-to-accept-crypto-payments","to_ping":"","pinged":"","post_modified":"2022-05-02 21:27:43","post_modified_gmt":"2022-05-02 11:27:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4757","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4512,"post_author":"1","post_date":"2022-04-22 20:24:15","post_date_gmt":"2022-04-22 10:24:15","post_content":"\n
    UAE-based startup YallaMarket announced that they now accept payments in cryptocurrency through its mobile app.<\/p>\n\n\n\n
    A report <\/a>from local media Khaleej Times states YallaMarket will accept 2 stablecoins<\/a>; Tether ($TUSD<\/a>) and USD Coin ($USDC<\/a>).<\/li><\/ul>\n\n\n\n
    YallaMarket partnered with CoinMENA<\/a>, a Bahrain-based exchange for their payment services. YallaMarket is also \"geared up\" to receive crypto investments from MENA((Middle East\/North Africa))-based partners.<\/li><\/ul>\n\n\n\n
    The startup is also considering paying salaries with cryptocurrencies in the future.<\/li><\/ul>\n\n\n\n
    YallaMarket is following in the footsteps of Dubai-based Bake N More Caf\u00e9, which was the first Caf\u00e9 in the UAE to accept cryptocurrencies as a form of payment.<\/li><\/ul>\n","post_title":"UAE Grocery Service YallaMarket Now Accepts Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-grocery-service-yallamarket-now-accepts-crypto","to_ping":"","pinged":"","post_modified":"2022-04-24 23:10:11","post_modified_gmt":"2022-04-24 13:10:11","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4512","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3873,"post_author":"1","post_date":"2022-03-11 21:16:50","post_date_gmt":"2022-03-11 10:16:50","post_content":"\n
    Dubai Financial Services Authority (DFSA) is the regulatory arm of the Dubai International Financial Centre (DIFC), they have released a consultation paper with an outline of a regulatory arrangement for cryptocurrencies. <\/p>\n\n\n\n
    Consultation Paper 143 \"seeks public comment on our proposals for a regulatory regime for persons wishing to provide financial services activities\" and \"the development of these proposals was prompted by the need to introduce appropriate investor protection requirements in this area, while also facilitating the development of this market in a responsible and prudent manner.\"<\/p>\n\n\n\n
    After a public consultation phase, lasting until May 6th, 2022, the DFSA will make changes to the draft legislation<\/a> as they see possible. The final version of the regulations will be posted on the DFSA's official website<\/a>.<\/p>\n\n\n\n
    The Excluded And The Prohibited<\/h2>\n\n\n\n
    The current consultation paper only covers crypto tokens distinct from investment tokens, which are covered in Consultation Paper 138<\/a> - Regulation Of Security Tokens. <\/p>\n\n\n\n
    CP143 states that \"there are certain tokens which will not be brought into the definition of a crypto token and, thus, will not fall within the scope of these regulatory proposals\". The DFSA is proposing to exclude three types of tokens from their regime;<\/p>\n\n\n\n
    Non-Fungible Tokens (NFTs)<\/li>
    Utility Tokens (Token that has a specific use case within a closed ecosystem)<\/li>
    Central Bank Digital Currencies (CBDCs)<\/a><\/li><\/ul>\n\n\n\n
    Along with the restricted tokens, there are several prohibited tokens. The DFSA is proposing to \u201cban these tokens and introduce a prohibition that no public offer or promotion\u201d. These include;<\/p>\n\n\n\n
    Privacy Tokens and Devices<\/li>
    Algorithmic Tokens<\/li><\/ul>\n\n\n\n
    <\/p>\n","post_title":"UAE To Exclude CBDCs And NFTs From Their Legislation","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uae-to-exclude-cbdcs-and-nfts-from-their-legislation","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/crypto-essentials-central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-11 12:52:55","post_modified_gmt":"2023-04-11 02:52:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3873","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
    
    Most Read
    
    Business
    
    CryptoCom Expands Its Crypto Services To Dubai
    
    June 6, 2022
    
    Artificial Intelligence
    
    Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents
    
    December 19, 2024
    
    Artificial Intelligence
    
    Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations
    
    August 15, 2024
    
    Artificial Intelligence
    
    Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development
    
    December 3, 2024
    
    Cryptocurrencies
    
    Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17
    
    December 19, 2024
    
    Subscribe To Our Newsletter
    
    By subscribing, you agree with our privacy and terms.
    
    Type your email here
    
    Follow The Distributed
    
    Twitter Instagram Youtube LinkedIn Facebook RSS
    
    ADVERTISEMENT
    
    Dubai
    
    Business
    
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