Analysis: The UAE encryption regulatory draft will help eliminate many of the industry's current barriers

According to Cointelegraph, the UAE has previously issued a draft cryptographic asset regulation that provides greater regulatory clarity for Middle Eastern countries and encryption-related projects. Blockchain author Sukhi Jutla said that the UAE has issued a positive signal to the world by drafting this resolution, which means that they are open to exploring this field and by developing guidelines for possible hopes to enter this Business owners in one area provide more protection, confidence and stability. This move by the UAE may lead other countries to move in a similar direction, which will help eliminate many of the obstacles currently facing the industry.