Dubai authorities to discuss legislative and legal frameworks for Bitcoin

posted about 2 years ago
The Supreme Legislation Committee in the Emirate of Dubai (SLC) has announced that it will discuss the present and future of the legislative and legal frameworks related to Bitcoin during an upcoming workshop.

In cooperation with the Dubai Electronic Security Center (DESC), the workshop on ‘Virtual Currency: Fact and Law’ will be held on November 20 amid high-level attendance of local and federal government entities.

The workshop will be held to enrich knowledge and spread awareness among community members about rights, duties and legal obligations in line with the SLC General Secretariat's commitment to strengthen the legal system to keep pace with the developments of the 21st century.

Ahmad bin Meshar Al Muhairi, SLC secretary general, said: “The move is part of our continuing efforts to build a legal knowledge base in line with our strategic objectives in strengthening the legal system and developing the legislative process to achieve the objective and realistic requirements for drafting leading legislation that simulates reality and outlooks the future.”
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