Emirates Coin Investment LLC Secures First UAE Virtual Asset License from SCA

Emirates Coin Investment LLC (EmCoin) has made history as the first firm to receive a VIRTUAL Asset license from the UAE’s Securities and Commodities Authority. The milestone underscores the country’s push to formalize oversight of digital finance.

The SCA’s approval permits EmCoin to operate trading services, traditional investment products, and portfolio management within a regulated framework. "This marks a pivotal moment for both our firm and the industry," stated COO Yasin Arafat, emphasizing compliance with UAE’s regulatory vision.

EmCoin is collaborating with regulators on future initiatives including structured Initial Coin Offering frameworks. The development aligns with the UAE’s strategy to cultivate a secure digital asset ecosystem while expanding investment avenues.