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SCA will oversee the regulatory control of the issue, offering, listing, and trading of crypto assets, as well as the licencing of the related financial activities that fall under DWTCA's free zone.

"Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient," said Ajay Bhalla, president, Cyber & Intelligence at Mastercard.

Harnessing the new world, the company is gearing up to introduce its new app, aptly named Cheeze, which has an early access waitlist open and the BETA version launching within the next few months.

Digital collectibles are having a very large moment. Just last month, […]

Non-fungible tokens have been around for two years, but these […]

The decentralized applications (dApps) running on blockchain allow anyone in the world to lend, borrow, save, trade using digital assets without the need for permission and irrespective of their geographic location. The centralized monetary service entities such as banks are going to disappear under the shadow of the new encompassing decentralized system provided by innovation in the blockchain ecosystem.