8International
بین الاقوامی
ذیل کے بعض اندراجات کا ترجمہ ابھی نہیں ہوا۔ ان کے عنوان اور خلاصے انگریزی میں دکھائے جا رہے ہیں۔
Saudi Arabia
The largest GCC market, and the one where serving clients without local permission carries the most risk.
Capital Market Authority (CMA)Oman
A smaller market that has moved deliberately towards a dedicated virtual-asset framework.
Capital Market Authority (CMA) / FSAKuwait
The most restrictive position in the GCC. Assume the answer is no until it is confirmed otherwise.
Capital Markets Authority (CMA)Bahrain
The GCC's earliest mover, with a crypto-asset module inside an established central-bank rulebook.
Central Bank of Bahrain (CBB)Cyprus
The EU route. MiCA authorisation passports across the Union — the only passport in this list.
Cyprus Securities and Exchange Commission (CySEC)British Virgin Islands
A long-established company law with a VASP registration regime layered on top.
BVI Financial Services CommissionCayman Islands
The fund jurisdiction. A VASP regime under a regulator institutional investors already accept.
Cayman Islands Monetary Authority (CIMA)Seychelles
A low-cost VASP regime. Cheap to obtain, and increasingly expensive in banking and counterparty friction.
Financial Services Authority (FSA)
