---
title: "UAE central bank approves licensing system for stablecoins"
url: https://diffcoin.com/uae-central-bank-approves-licensing-system-for-stablecoins/
description: "KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens. Source…"
published: 2024-06-05
updated: 2024-06-05
author: "Mila"
site: "Diffcoin"
---

# UAE central bank approves licensing system for stablecoins

KARM Legal Consultants founder Kokila Alagh said that the regulations clarify the issuance, licensing and supervision of AED-backed payment tokens.

[Source link](https://cointelegraph.com/news/uae-stablecoin-licensing-system)