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Dafza, SCA sign pact to back trading of crypto assets
DUBAI, 5 hours, 14 minutes ago Dubai Airport Free Zone Authority (Dafza) has signed an agreement with the Securities and Commodities Authority (SCA) to support the regulation, offering, issuance, listing and trading of crypto assets within the free zone. The agreement was signed by Dr Maryam Al Suwaidi, Acting CEO of the Securities and Commodities Authority and Amna Lootah, Assistant Director-General, Dafza. The new agreement allows companies trading with crypto assets cryptocurrencies to be licensed within Dafza as the SCA will be issuing the relevant approvals and licenses. Through this partnership, Dafza has expanded its business licenses and commercial activities that will be integrated with the incentives and services the free zone provides. It will also provide a developed regulatory framework and flexible legislative environment that enhances the foreign investor experience.
Dafza, SCA sign agreement to support crypto assets trading reporters@khaleejtimes.com Filed on May 19, 2021
Dr Maryam Al Suwaidi, Acting CEO of the Securities and Commodities Authority and Amna Lootah, assistant director-general, Dafza and others. Supplied photo
The SCA will oversee the offering, issuance, listing and trading of crypto assets and licensing related financial activities within the jurisdiction of Dafza.
Dubai Airport Free Zone Authority (Dafza) has signed an agreement with the Securities and Commodities Authority (SCA) to support the regulation, offering, issuance, listing and trading of crypto assets within the free zone.
The agreement was signed by Dr Maryam Al Suwaidi, Acting CEO of the Securities and Commodities Authority and Amna Lootah, assistant director-general, Dafza. The new agreement allows companies trading with crypto assets cryptocurrencies to be licensed within Dafza as the SCA will be issuing the relevant approvals and licenses.