The United Arab Emirates’ fintech and ICO regulation agreed upon in July will shortly become law, local media report.

The United Arab Emirates (UAE) has approved a draft of regulations governing Initial Coin Offerings (ICO), local media outlet WAM fintech activity.

“The sandbox will act as an environment that attracts innovators to test innovative products, services, solutions and business models in a controlled space,” a fintech integration in recent years, with a particular emphasis on blockchain at both municipal and state level.

Source: cointelegraph