KARM Legal Releases a Report Assessing Regulatory Framework for Virtual Assets
Retrieved on:
Wednesday, March 8, 2023
The report titled "Virtual Assets Regulatory Framework: An Evolving Landscape" identifies key regulatory developments in relation to virtual assets in the UAE, Bahrain, Switzerland, Liechtenstein, UK, and USA.
Key Points:
- The report titled "Virtual Assets Regulatory Framework: An Evolving Landscape" identifies key regulatory developments in relation to virtual assets in the UAE, Bahrain, Switzerland, Liechtenstein, UK, and USA.
- In the last few years, we have witnessed several positive regulatory developments for the virtual assets sector, as many jurisdictions globally have started to recognize virtual assets services.
- With overall favorable regulatory ecosystems, UAE, Bahrain, Switzerland and Liechtenstein have cemented their position as leading virtual assets friendly jurisdictions.
- The establishment of the Dubai Virtual Assets Regulatory Authority (VARA), a regulator exclusively focused on virtual assets has contributed to development of an exceptional ecosystem for crypto businesses.