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The Central Bank of the UAE (CBUAE) has fined three exchange houses a total of AED 4.1 million for failing to comply with anti-money laundering and counter-terrorism financing regulations.
Authorities in the UAE have denied reports circulating on social media that investors in digital currencies were being granted golden visas.
The diplomatic advisor to the UAE President, Anwar Gargash, said the Middle East has an opportunity to "turn a new page" and become a prosperous region.