SCA Crypto Assets Regulation UAE

United Arab Emirates2020PaymentsAML/CFT

Overview

The Securities and Commodities Authority (SCA) issued the Crypto Assets Regulation in 2020 to create a federal framework for licensing, offering, trading, and safekeeping of crypto assets in the UAE. It ensures investor protection, market integrity, and alignment with FATF standards on virtual assets.

The regulation applies to crypto exchanges, custodians, brokers, token issuers, investment firms, and other financial intermediaries operating in or targeting the UAE. It also extends to initial coin offerings (ICOs), security tokens, and crypto funds, bringing them under SCA supervision.

Key Obligations

Obtain an SCA license for offering, trading, custody, or brokerage of crypto assets
Conduct customer due diligence (CDD) and comply with AML/CFT obligations under Federal Law No. 20 of 2018
Ensure safekeeping and segregation of client assets
Provide clear disclosures of risks, terms, and conditions to investors

Meet capital adequacy, governance, and cybersecurity standards
Report suspicious transactions to the UAE FIU via goAML
Ensure compliance with ongoing supervisory reporting and audits

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