Among other things, SAB 121 dictates that #VASPs must record a liability and a #corresponding asset on their balance sheets at fair value for users’ digital assets in their custody

which include four #compulsory rulebooks and activity-specific rulebooks that lay #down the rules for operating #VASPs.

#Binance was eyeing a partnership with #CUD, #Dubai released #crypto regulations for #virtual #asset service providers (#VASPs).

Al Olama reportedly said that no crypto exchange entity including #Binance and #FTX has been granted the full market product (FMP) license. #virtualassets #regulation #vasps