UAE

"The adoption of this technology will reflect on the quality of life in the UAE and will enhance happiness levels for citizens," said Sheikh Mohammed bin Rashid Al Maktoum.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi plans to create a regulatory framework for virtual currency exchanges and intermediaries.

The UAE financial watchdog has raised fresh concerns over the safety of Initial Coin Offerings this week. The Securities and Authorities Commodity, who act as the financial regulator for the…