The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has updated its Anti-Money Laundering and sanctions rules to include provisions related to digital assets, specifically enforcing the FATF’s Travel Rule. These changes aim to enhance compliance with targeted financial sanctions and align with the UAE’s regulatory framework. The UAE is considered one of the most progressive countries in adopting crypto regulations, with a developed crypto regulatory framework and stablecoin laws in the final stages of development.
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