UAE regulates ‘finfluencers’ as users of digital finance grow

Financial influencers are now required to register for official “Finfluencer” status with the UAE’s Securities and Commodities Authority.

The regulator has launched an official authorization scheme mandating compliance with strict content and conduct standards, in a move to ensure transparency and protect investors in digital financial markets.

Approved finfluencers will be permitted to share investment insights and recommendations, with a three-year waiver on registration fees offered to encourage uptake.

The SCA said it also urges the public to verify finfluencer credentials and report unlicensed activity, as it steps up oversight of financial content amid rising digital engagement.

Dubai to accept crypto as payment for government services

Dubai will soon allow residents to pay for government services using cryptocurrencies, as part of its push to make the emirate a global leader in digital commerce.

The initiative follows a new agreement between Dubai Finance and global platform Crypto.com, aiming to create a secure and efficient payment channel across government platforms using stablecoins.

It aligns with the emirate’s ambition to become a fully digital, cashless society and strengthen its position as a hub for financial innovation.

The move also supports the emirate’s D33 agenda, which targets sustainable economic diversification and digital transformation.