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【Cross-Border Tax】UAE: Central bank adopts virtual currency regulation framework

The United Arab Emirates' (UAE’s) national anti-money laundering committee has announced the adoption of a regulatory framework for virtual assets, to be implemented by the Securities and Commodities Authority and the UAE central bank. Guidance has also been issued requiring all UAE financial institutions to file suspicious activity reports or suspicious transaction reports with the UAE's Financial Intelligence Unit within 35 calendar days of detection...

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