UAE Introduces Finfluencer License for Digital Financial Advice

The United Arab Emirates (UAE) has taken a significant step forward in regulating the financial advice landscape by launching its first-ever “Finfluencer” license. This new measure, overseen by the Securities and Commodities Authority (SCA), aims to ensure investor protection from misleading content while fostering market integrity. The license targets individuals who promote financial recommendations online, including those on social media platforms like X.