🔥 TOP STORY
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?
Tron Price Prediction for 2019: How Much Will Be Cost TRX in 2019?

UAE to Allow Companies Raise Funds Through ICOs

  • Alex Morris
    📰 News

    In 2019 UAE is expected to come up with a new regulatory framework that would allow local businesses to launch initial public offerings (ICOs) as a means of fundraising

UAE to Allow Companies Raise Funds Through ICOs
You may also like:

In 2019, The United Arab Emirates (UAE) is expected to come up with a new regulatory framework that would allow local businesses to launch initial public offerings (ICOs) as a means of fundraising, Reuters reports. ICOs could pose as a viable solution for dwindling IPO activity in UAE that was caused by falling oil prices and weak equity market.

The news comes from Obaid Al Zaabi, CEO of the Securities and Commodities Authority (SCA) of UAE. During a recent seminar, he states that ICOs will be recognized as securities, and respective regulations will be introduced not later than in the first half of 2019. The country’s securities watchdog is currently working with foreign advisers and stock markets that are based in Abu Dhabi and Dubai.

 

Join our Telegram channel to get news even faster!
👓 Recommended articles
something-wide
something-wide