TechFlow news, June 3 — According to an official announcement, the UAE Securities and Commodities Authority (SCA) has officially launched the region's first "Finfluencer" license, aiming to regulate financial content creation on digital platforms.
The license applies to individuals who provide investment advice related to regulated products or entities through digital or traditional media. Applicants must register and comply with relevant regulations. To encourage innovation, the SCA announced it will waive registration, renewal, and legal consultation fees for this service over the next three years.
SCA Chief Executive Officer H.E. Waleed Saeed Al Awadhi stated that the license is not only a regulatory measure but also a strategic response to the rapid development of digital finance, aiming to enhance market integrity, promote transparency, and foster a trustworthy financial environment.
