BTCC
/
BTCC Square
/
Global Cryptocurrency
/
UAE SCA Issues Draft Regulation for Security and Commodity Tokens
UAE SCA Issues Draft Regulation for Security and Commodity Tokens
12
3
The UAE Securities and Commodities Authority (SCA) has released draft regulations for security and commodity tokens. Security tokens include equity tokens, bond tokens, and sukuk tokens, while commodity tokens include gold tokens, oil tokens, and others. These tokens are built on Blockchain/DLT platforms, with security tokens representing financial or tangible assets and commodity tokens representing physical commodities. The tokens can be traded on virtual asset DLT platforms, with transfers subject to the provisions of the registration agreement. Trading and settlement of these tokens are restricted to the market or alternative trading systems, except for bonds and sukuks, which can be traded over the counter.
Previous
Artyfact Set for Epic Games Store Debut with Innovative GameFi Features
Next
Crypto Czar David Sacks Redefines NFTs and Meme Coins as ‘Collectibles’
