10 Leaves

You can also read the article here:https://10leaves.ae/publications/difc/difc-artificial-intelligence-and-web-3-0-licensesDIFC is building the world-class Campus spanning over 100,000 sq. ft. within the DIFC jurisdiction.Dubai AI & Web 3.0 Campus’ will attract over US$ 300 million in collective ...

Firms interested in managing funds from the ADGM are required to submit applications to the Financial Services Regulatory Authority, or FSRA. The FSRA has a fast-track process for Fund Manager licenses, which come under Category 3C. The Fund Manager, if approved, can manage domestic professional (Ex...

Did you know that in 2019 alone, criminals moved a whopping $2.8 billion in Bitcoin? Yes, you read that right! Cryptocurrency is now one of the preferred destinations for illicit funds by criminals worldwide. Surprisingly, more than half of this amount was transferred to just two exchange platforms ...

Click here to Subscribe now!Relevant links below:https://home.treasury.gov/news/press-releases/jy1391?utm_source=riffle.beehiiv.com&utm_medium=referral&utm_campaign=from-the-international-deskhttps://resources.hummingbird.co/product-updates-and-news/apps?utm_source=riffle.beehiiv.com&utm...

Click here to Subscribe now!A Fixed Penalty Regime (FPN) is coming. Put very simply, it works as follows: Breach occurs DFSA issues an FPN. Pay the penalty (maximum US$ 50,000) and remedy the breach. If you do 3, DFSA doesn’t sanction you. No public censure and no fine. If you don’t do 3, DFSA ca...

Click here to Subscribe now!The new consultation paper clarifies the DFSA’s stance on Payment Accounts for corporate clients, which allows greater flexibility for money service businesses to offer multiple functionalities to their customers, including larger sums held in Payment Accounts, multi-curr...

Click here to Subscribe now!What kind of a name is Riffle? Is it Rifle? As in smoking gun?Err, actually that’s a great alternative name by the way. But no, it’s called Riffle - as in riffling through many pages, turning them over, having a quick look.AHA. So you don’t go into detail - a casual look ...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/hedge-funds-in-the-difcThe DIFC is a leading financial hub in the region. Besides offering a wide range of financial service activities, the centre also provides an integrated environment and world-class standard of...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-venture-studio-launchpad-licenseThe DIFC has now announced the launch of the first global “Venture Studio Launchpad” to assist with the growth of the UAE’s financial ecosystem, and to be a growth partner and bu...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-venture-studio-framework Last year, the DIFC announced the launch of the first global “Venture Studio Launchpad” to assist with the growth of the UAE’s financial ecosystem, and to be a growth partner and busine...