UAE Securities Regulator Plans to Boost Capital Markets with ICOs

[kreslik.news]

The head of the United Arab Emirates Securities & Commodities Authority (ESCA) announced today that the country plans to provide companies with a new regulated way to raise money – through initial coin offerings (ICOs).

ICOs would offer companies an alternative to initial public offerings (IPOs) which, due to weak equity markets coupled with low oil prices, have been very limited. This has impacted not only the UAE but the whole Gulf Arab region.

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Speaking at a seminar this Monday, Obaid Saif al-Zaabi said: “the board of the Emirates Securities & Commodities Authority has approved ... (read more)