PwC Middle East proposes a three-stage promotion model for digital asset regulation in the UAE

[PwC Middle East proposes a three-stage promotion model for digital asset regulation in the UAE] On August 14th, PricewaterhouseCoopers (PwC) Middle East Division recently released a report "UAE Virtual Asset Market" on how the United Arab Emirates has become a growth One of the fastest digital asset marketplaces offers its insights.

The report proposes a three-stage promotion model that digital asset regulators in the UAE can follow, including formulating a clear and comprehensive regulatory regime, promoting industry self-regulation, and cooperating with international partners in the industry to ensure continued transparency and compliance for the long-term growth of the market sex.

According to PwC, digital asset trading volume in the UAE is around $25 billion, up 500% between July 2020 and 2021, making it the third largest market in the Middle East after Turkey ($132 billion) and Lebanon ($26 billion). (CoinGeek)

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