SCA Crypto Assets Regulation UAE
United Arab Emirates
2020
Payments
AML/CFT
Overview
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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Related Regulations
FAQ
Who regulates this law?
The Securities and Commodities Authority (SCA) at the federal level.
Which entities must comply?
Crypto exchanges, custodians, brokers, token issuers, and investment firms operating in or targeting the UAE.
Are ICOs and security tokens covered?
Yes. The regulation applies to initial coin offerings, token issuances, and security tokens.
What penalties apply for non-compliance?
Administrative fines, suspension of licenses, or criminal liability under UAE law.