UAE Federal Baking Advisory Council Considers Blockchain in UAE banks
Possible adaption of blockchain technology to facilitate KYC efforts in the UAE
- Aditi Arvind Singh
- Dec 18, 2018
- Sep 20, 2024
Possible adaption of blockchain technology to facilitate KYC efforts in the UAE
The Financial Services Commission has put forward revised regulations for cryptocurrency exchanges in a bid to prevent money laundering.
A new Know Your Customer (KYC) limit is also proposed to be set at transactions of $1000 CAD.
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