The UAE launches a "Financial Influencer" license! Regulating what FinFluencers can do in digital financial content.

The United Arab Emirates has launched the Middle East’s first financial influencer license, which aims to regulate digital financial content, protect investors and promote market transparency. (Synopsis: Crypto public hearing directly hits] The FSC responded to Huang Shanshan’s version of the draft “Naguan KOL”: can punish cooperative companies, Internet celebrity licenses and re-study) (Background supplement: Observation" Internet celebrity slip sister Hailey Welch from “MEME queen” to meme coin sacrifice) United Arab Emirates Securities and Commodities Authority (SCA) Recently, it announced the launch of the first “financial influencer” (Finfluencer) license system in the Middle East, which supervises the content of fast-growing influencers promoting digital finance and strengthens investor protection. UAE’s first financial influencer license People are often faced with financial information on social media, and “financial influencers” have become an important reason for influencing investment decisions. To this end, UAE’s SCA pioneered this license, with the goal of bringing the dissemination of digital financial content into the formal regulatory framework. According to the new regulations, financial influencers provide financial investment advice, analysis or promotion on digital or traditional platforms, covering the purchase and sale of financial products and virtual assets. All those who meet the definition must register with the SCA and comply with regulations. To encourage compliance, the SCA specifically offers a three-year fee waiver for registration, renewal, and legal advice. Strengthening investor protection The core goal of this regulatory influencer’s promotion of digital finance is clearly to combat fraud and enhance investor protection, and to control the spread of misleading information everywhere. Waleed Saeed Al Awadhi, CEO of SCA, emphasized: “The licensing is not just a regulatory measure, it is a strategic move that redefines the role of regulators in the digital economy.” In this way, SCA positions itself as a regulator that actively adapts to changes in the financial landscape, which reinforces the UAE’s position to develop into a major global financial center. Related reports Hong Kong passes Stablecoin Bill: Issuers must apply for a license, the next step is to regulate OTC trading and cryptocurrency custody OTC trading in Taiwan is all illegal! Experts call the FSC’s new rules “helpless”: VASP licenses turn into poison, scaring customers away Crypto public hearings directly hit] The FSC responded to Huang Shanshan’s version of the draft “Naguan KOL”: can punish cooperative companies, Internet celebrity licenses and re-study 〈UAE launches “financial Internet celebrity” license! Standardize what FinFluencer can do digital financial content" This article was first published in BlockTempo’s “Dynamic Trend - The Most Influential Blockchain News Media”.