The Securities and Commodities Authority of the UAE approved legislation for the regulation of digital assets, to recognize them as securities and to create a regulatory framework for them.

The UAE Cabinet Resolution No. 58 of 2020 requires UAE Mainland and commercial Free Zone companies to file Beneficial Owner Registers from 20th Oct 2020.

Cyprus and Switzerland signed a protocol related to the minimum standards of the Base Erosion and Profit Shifting (BEPS) actions of OECD.