Emirates Coin Investment LLC Obtained the First Virtual Asset License in the UAE from SCA

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Here’s a structured summary based on the provided information:

Startup Information

  • Startup Name: Emirates Coin Investment LLC (EmCoin)
  • Founders: Not explicitly listed; mentioned COO is Yasin Arafat.

Fundraise Series

  • Type: Not specified, but indicated involvement in the digital assets space and regulatory compliance. Possible future involvement in Initial Coin Offerings (ICOs).

Funds

  • No specific funds mentioned in the article. The focus is on the licensing and regulatory framework rather than external fundraising.

Investors

  • No specific investors mentioned.

Date

  • Announcement Date: June 3rd, 2025

Additional Notes

  • EmCoin is the first company in the UAE to receive a Virtual Asset license from the Securities and Commodities Authority (SCA).
  • The licensing enables EmCoin to provide services like Virtual Asset trading, investment access to traditional financial products, and portfolio management within a regulated environment.

For more detailed information, please visit EmCoin’s website.

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2025-06-03 09:36:38