• Investors and traders considering investments in cryptocurrencies and other virtual assets.
• Blockchain companies and startups planning to conduct blockchain and cryptocurrency related businesses in the UAE.
• Legal consultants and lawyers providing services in financial law and cryptocurrencies.
• Financial institutions interested in incorporating virtual assets into their business processes.
Virtual assets are digital assets that can be used as a means of exchange or for investment purposes.
Types of Virtual Assets:
• Cryptocurrencies: Bitcoin, Ethereum, and other digital currencies used as a medium of exchange and investment tools.
• Stablecoins: Virtual assets pegged to the value of fiat currencies (e.g., US Dollar), commodities (e.g., gold), or other assets, making them more stable than other cryptocurrencies.
• NFTs (Non-fungible Tokens): Unique digital assets that represent proof of ownership and authenticity of a particular item, such as a work of art, a collectible, or virtual real estate. However, an NFT cannot be exchanged for another NFT due to its uniqueness.