ARAB EMIRATES make regulations for cryptocurrencies.

in Project HOPE2 years ago
First of all I want to give a big hello to all steemit friends and especially to the members of this wonderful community as it is ph. I want to share with all of you this post regarding some considerations about the regulations for the crypto world in Abu Dhabi capital of United Arab Emirates.

Cryptocurrencies are becoming one of the economic and financial solutions for the world and every day more and more countries are adopting them as an escape mechanism from the traditional finance that has dominated the world at will..

In the city of Abu Dhabi, capital of the United Arab Emirates, the guiding principles for the use and commercialization of cryptocurrencies were presented, this will undoubtedly allow an advance for trade and export of oil, this super rich territory will have the opportunity to expand its economy through the cryptographic world.

Within the established legal regulations, they committed to be able to establish with an internationally recognized regulatory framework, where they can comply with all regulations in the Abu Dhabi free economic zone in such a way that they can fight against money laundering.

These regulations also contemplate cooperation and shared responsibility among all those involved in the cryptographic world for financing and leveraging within the free zone.

At the same time, risk-focused approaches were also established to allow investors to educate themselves so that they can achieve efficient and successful transactions in this volatile and unpredictable world, which is nowadays marked by many detractors.

On the other hand, the regulation also proposes a new dynamic and market oriented, where to have a supervision of the operations adjusted to the established laws.

To conclude with this regulation, it also contemplates in the free economic zone so important in this region the provision of a high quality service where transactions can be made in a fast, free, safe and with a first class service.

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