UAE Unveils First ‘Finfluencer’ License to Regulate Digital Financial Advisors

The United Arab Emirates (UAE) has taken a groundbreaking step in regulating the digital financial space by launching its first ‘Finfluencer’ license. This new authorization framework aims to address concerns regarding transparency and investor protection in the realm of digital investment advice. The Securities and Commodities Authority (SCA) of the UAE has officially introduced this unique license, which applies to individuals offering financial guidance through online platforms. The SCA’s initiative represents a significant shift in regulatory oversight within the digital economy.