UAE to Clamp Down on Crypto Real Estate Money Laundering
The authorities want to trace payments made in bitcoin and ethereum as the country develops as a crypto hub.
www.coindesk.com
Will this affect Crypto OTC shops like Coinsfera and others? What will be the implications for cashing out crypto in Dubai? @Fred @rowena
The new law would also require brokers, agents and law firms to file reports to the Financial Intelligence Unit, which is responsible for tracking dirty money.