CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-04-07 10:29:31

Dubai land regulator teams up with crypto watchdog to drive real estate tokenization

Dubai’s real estate and crypto regulators have signed a cooperation deal to explore tokenisation in property registration and management. Dubai’s land and virtual assets regulators have signed a new agreement to support real estate tokenization and improve rules around the use of cryptocurrencies in property transactions, following the launch of a pilot aimed at linking property tokenization with the real estate registry. In a press release on Sunday, the Dubai Land Department said it signed the deal with the Dubai Virtual Assets Regulatory Authority in a bid to connect real estate registration with tokenization using a governance system that “enhances market liquidity and improves the efficiency of property management companies.” Officials say the plan could make it easier for small investors to access the real estate market and help grow the sector. You might also like: The Dubai FSA launches Tokenization Regulatory Sandbox for crypto firms Helal Saeed Al Marri, Director-General of the Dubai Department of Economy and Tourism, says the partnership reflects the “future-focused innovation,” adding that partnership with the Dubai Virtual Assets Regulatory Authority aligns “with the objectives of the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, which reinforce Dubai’s global leadership in one of the most vital sectors.” In mid-February, crypto.news reported that the Virtual Assets Regulatory Authority plans to require licensed crypto issuers and service providers to disclose the names of major crypto holders, or “whales,” especially if most tokens are owned by a creator or institution. VARA’s boss Matthew White explained that the move could help investors better understand the products they are buying, as many tokens are controlled by third parties like venture capitalists. Read more: Dubai to build 17-story crypto tower for Web3 hub

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.