Crypto-Assets Trading Allowed in the United Arab Emirates (UAE)

The UAE’s regulator, Securities and Commodities Authority (SCA), and Dubai World Trade Centre Authority (DWTCA) signed a deal to support crypto asset trading within the DWTCA’s free zone.


Maryam Al Suwaidi, the chief executive of the SCA, said that the DWTCA can now allow crypto-related activities.
Crypto-Assets Trading Allowed in UAE | Image: Optimisus

Maryam Al Suwaidi, the chief executive of the SCA, said that the DWTCA can now allow crypto-related activities.


According to the news, the SCA will support the DWTCA by investigating those licensed within the free zone. Also, SCA will investigate where needed.

To address the agreement, Director-General of the DWTCA — Helal Saeed Almarri says


"Our agreement with the Securities and Commodities Authority will allow [the] DWTCA to broaden its regulatory, licenses, and services capabilities, in addition to extending the centralized supervision of the crypto market to our free zone."

Moreover, it is noted that the SCA is accountable for directing and monitoring the UAE’s financial markets. Therefore, it is working to create a sustainable finance ecosystem to protect investor rights. Also, it is promoting good practices by creating a structure that will bring capital with the presence of innovative tech and strategy.


Besides, the DWTCA is supporting such tech firms set up their operation in the free zone to match the SCA’s idea for the UAE to contribute towards a futuristic digital economy.

Currently, the digital economy in the country makes $27.25 billion. This is about 4.3% of the region’s total domestic product. In addition, the UAE is home to more than 1,400 start-ups. Thus, the potential for a digital economic boom is extremely possible.