After looking into #islamicoin (ISLM), the Virtual Asset Regulatory Authority (VARA) found some technical discrepancies. The good news is that the regulator is working closely with us to actively remedy these problems.
đ˘ Transparency commitment: Islamic Coin (ISLM) reiterates its dedication to transparency by making sure all relevant parties are aware of the actions taken to rectify non-compliances. In the #bitcoin world, a key component of developing trust is a commitment to transparency.
Resolving Non-Compliance: In order to resolve the technical non-compliances found during the VARA investigation, proactive measures are being taken. This proactive stance is indicative of Islamic Coinâs dedication to upholding legal requirements and maintaining the integrity of its business dealings.
đ¤ Strict cooperation with VARA: Islamic Coin will work in strict cooperation with VARA to set the stage for future operations in the #Dubai market. By taking a cooperative approach, we will make an effort to comply with legal requirements and secure the required licences to conduct business in the #marketplace.
Outlook: The bitcoin community may anticipate more open and law-abiding operations as Islamic Coin tackles #regulatory non-compliance. Maintaining cooperation with VARA is a step in the right direction to make sure that operations in the Dubai market adhere to legal requirements.
As Islamic Coin navigates the regulatory environment and works towards a future cryptocurrency industry that is more secure and compliant, stay tuned for additional developments.
