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UAE and India Reshape Asian Crypto Landscape with Regulatory Moves
UAE and India Reshape Asian Crypto Landscape with Regulatory Moves
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BTCCSquare news:
Dubai's VIRTUAL Assets Regulatory Authority (VARA) and the UAE Securities and Commodities Authority (SCA) have operationalized their September 2024 memorandum of understanding, creating a unified licensing framework for crypto businesses. The partnership enables Dubai-licensed virtual asset service providers to operate across the UAE, though regulatory checks remain mandatory. This move positions the UAE as a regional leader in crypto governance.
Meanwhile, Indian authorities intensified crackdowns on cryptocurrency fraud schemes this week. The enforcement actions signal growing regulatory scrutiny across Asia's crypto markets, with jurisdictions balancing innovation against investor protection.
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