Middle East

The long road to regulating initial coin offerings

In a big move for the UAE and a first for the region, detailed rules on ICOs are being prepared by the Emirates Securities and Commodities Authority (Esca), and will be enacted in the first-half of 2019, permitting UAE-based companies to raise capital via these crowdfunding events, as an alternative to traditional investment methods like venture capital and IPOs.

READ THE ARTICLE by GULF NEWS