UAE To Allow ICOs To Boost Capital Markets

ICO News, News | October 9, 2018 By:

The United Arab Emirates (UAE) is planning to create rules that would allow domestic companies to raise money through initial coin offerings (ICO).

Speaking at a seminar, Obaid Saif Al-Zaabi, head of the Emirates Securities & Commodities Authority (ESCA), revealed that the board of ESCA has approved considering ICOs as securities and will be releasing regulations on the ground in the first half of 2019.

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