UAE Virtual Assets Regulator Says Islamic Coin Issuer Has ‘Cooperated Fully’

Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes to distribute the islamic coin (ISLM) in the Dubai market. BG Undertook Remedial Measures The United Arab Emirates…