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    Home»Cryptocurrency»Emirates Coin Investment LLC Obtained the First Virtual Asset License in the UAE from SCA
    Cryptocurrency

    Emirates Coin Investment LLC Obtained the First Virtual Asset License in the UAE from SCA

    Team_SimonCryptoBy Team_SimonCryptoJune 3, 2025No Comments2 Mins Read
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    [PRESS RELEASE – Abu Dhabi, United Arab Emirates, June 3rd, 2025]

    Emirates Coin Investment LLC (EmCoin) has develop into the primary firm within the United Arab Emirates to obtain a Digital Asset license from the Securities and Commodities Authority (SCA). This license marks the primary issuance of its type by the SCA below the nation’s regulatory framework for Digital Asset service suppliers.

    The approval displays the UAE’s broader efforts to ascertain complete oversight for digital finance actions. EmCoin’s licensing below the SCA framework allows the corporate to supply a variety of providers, together with Digital Asset buying and selling, funding entry to conventional monetary merchandise, and portfolio administration, inside a regulated setting.

    “This represents a significant step ahead for our firm and the sector extra broadly,” stated Yasin Arafat, Chief Working Officer of EmCoin. “We’re dedicated to working throughout the UAE’s regulatory construction and supporting the protected and accountable progress of digital monetary providers.”

    EmCoin can be collaborating with the SCA on future initiatives, together with the event of a regulated strategy to Preliminary Coin Choices (ICOs), meant to broaden funding and funding alternatives whereas sustaining investor protections.

    This growth contributes to the UAE’s objective of fostering a sturdy and well-regulated digital finance ecosystem. EmCoin’s licensing by the SCA highlights the significance of regulatory readability in enabling innovation and investor confidence.

    About Emirates Coin Funding LLC

    Emirates Coin Investment LLC is a UAE-based firm centered on digital asset providers. It’s the first agency to be licensed by the Securities and Commodities Authority (SCA) to function below its Digital Asset regulatory framework.

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