瀏覽阿聯酋的首字母縮寫生態系統：從SCA和VARA到DMCC，ADGM和DFSA

任何試圖在阿拉伯聯合酋長國的生態系統中導航的任何加密企業家都不可避免地遇到該國法律景觀中使用的無數首字母縮寫詞。

Any crypto entrepreneur attempting to navigate the United Arab Emirates’ crypto ecosystem will inevitably encounter the myriad acronyms used in the country’s legal landscape. From the SCA and VARA to the DMCC, ADGM and DFSA, what do these mysterious combinations of letters stand for, and how does one navigate this complex maze?

任何試圖駕駛阿拉伯聯合酋長國加密生態系統的加密企業家都將不可避免地遇到該國法律景觀中使用的無數首字母縮寫。從SCA和VARA到DMCC，ADGM和DFSA，這些神秘的字母組合代表什麼，一個人如何瀏覽這個複雜的迷宮？

Moreover, is this abundance of acronyms and jargon an efficient feature of a system that promotes itself as the number one global crypto hub? Does this complexity strengthen the ecosystem, or is it a fundamental flaw in this self-proclaimed global crypto hub?

此外，這大量的首字母縮寫詞和術語是否是促進自身為全球Crypto Hub的系統的有效特徵？這種複雜性會增強生態系統，還是在這個自稱為全球加密樞紐中的基本缺陷？

What do all these acronyms stand for?

所有這些首字母縮寫措施代表什麼？

To make this more digestible, let’s divide the acronyms into three main categories: regulators, free zones and government initiatives.

為了使這更易於消化，讓我們將縮寫詞分為三個主要類別：監管機構，自由區和政府倡議。

Regulators

監管機構

The UAE has multiple regulatory authorities, which may seem confusing at first, but this is not a bug. Instead, it is a feature that, if navigated correctly, can be highly advantageous.

阿聯酋有多個監管機構，一開始似乎很困惑，但這不是一個錯誤。相反，這是一項功能，如果正確導航，則可以非常有利。

Let’s begin with the primary federal regulator, the SCA (formerly known as ESCA). SCA stands for the Securities and Commodities Authority, established in 2000. This authority regulates and supervises the UAE’s financial markets, including the DFM (Dubai Financial Market) and the ADX (Abu Dhabi Securities Exchange). It also oversees virtual assets and cryptocurrencies across the UAE, except for the financial-free zones and the emirate of Dubai.

讓我們從主要的聯邦監管機構SCA（以前稱為ESCA）開始。 SCA代表成立於2000年的證券和商品管理局。該當局對阿聯酋的金融市場進行監管和監督，包括DFM（迪拜金融市場）和ADX（阿布扎比證券交易所）。它還監督整個阿聯酋的虛擬資產和加密貨幣，除了無財務區和迪拜的酋長國。

Another critical aspect of the crypto ecosystem — stablecoins — falls under the CBUAE’s (Central Bank of the UAE) jurisdiction, particularly stablecoins backed by dirhams. The CBUAE regulates payment token services and payment mechanisms in the UAE, encompassing fintech products.

加密生態系統（Stablecoins）的另一個關鍵方面屬於Cbuae（阿聯酋中央銀行）管轄權，尤其是由Dirhams支持的Stablecoins。 CBUAE調節阿聯酋的付款代幣服務和付款機制，包括金融科技產品。

Next is the world’s first dedicated virtual asset regulator, VARA (Virtual Asset Regulatory Authority), established in 2022. VARA regulates virtual asset activities in Dubai, including all economic free zones, excluding the DIFC (Dubai International Financial Center).

接下來是世界上第一個專用的虛擬資產調節商VARA（虛擬資產監管機構）成立於2022年。VARA調節迪拜的虛擬資產活動，包括所有經濟自由區，不包括DIFC（迪拜國際金融中心）。

Two additional regulators, the DFSA and the FSRA, will be discussed later on in this article.

本文稍後將討論另外兩個DFSA和FSRA的監管機構。

Free zones of the UAE

阿聯酋的自由區

Another source of the UAE’s acronyms is its free zones. The UAE has a unique business environment with over 45 free zones catering to diverse industries. These zones cluster similar industries and companies to foster collaboration and growth.

阿聯酋首字母縮略詞的另一個來源是其自由區。阿聯酋擁有獨特的商業環境，其中超過45個自由區迎合了各種行業。這些區域集群類似的行業和公司，以促進合作和增長。

The UAE’s first free zone, JAFZA (Jebel Ali Free Zone), was established in 1985. JAFZA’s primary goal was to attract foreign investment and create a business-friendly environment. Its immense success led to the creation of numerous other free zones across the world copying JAFZA.

阿聯酋的第一個自由區Jafza（Jebel Ali Free Zone）成立於1985年。Jafza的主要目標是吸引外國投資並創造一個商業友好的環境。它的巨大成功導致在世界各地創建了許多其他自由區，以復制Jafza。

Recent: Bad advice can destroy your UAE crypto company

最近：壞建議會破壞您的阿聯酋加密貨幣公司

In 2002, the DMCC (Dubai Multi Commodities Centre) was established to position Dubai as a global commodity trading hub. Since then, the DMCC has become a critical economic driver, accounting for approximately 15% of all foreign direct investment in Dubai.

2002年，建立了DMCC（迪拜多商品中心）將迪拜定位為全球商品貿易中心。從那以後，DMCC已成為關鍵的經濟驅動力，約佔迪拜所有外國直接投資的15％。

The DMCC has also led innovation with initiatives like the DMCC Crypto Centre, which supports crypto companies and develops the ecosystem. Its most recent additions include the DMCC Gaming Centre and DMCC AI Centre.

DMCC還通過DMCC加密中心等計劃領導了創新，該計劃支持加密公司並開發生態系統。它的最新添加包括DMCC遊戲中心和DMCC AI中心。

With the popularity of free zones rising, the DIFC (Dubai International Financial Centre) was launched in 2004 as the UAE’s first financial free zone. Unlike economic free zones, the DIFC has its own legal system and regulatory framework. Its financial regulator, the DFSA (Dubai Financial Services Authority), initially took a cautious approach toward crypto. The DIFC has since somewhat embraced the sector by introducing its Digital Assets Regime.

隨著自由區的普及，DIFC（迪拜國際金融中心）於2004年成立，是阿聯酋第一個免費區。與無經濟區域不同，DIFC擁有自己的法律制度和監管框架。它的金融監管機構DFSA（迪拜金融服務局）最初採取了謹慎的方法。此後，DIFC通過引入其數字資產製度通過一定程度地接受了該行業。

In 2013, Abu Dhabi followed suit with the creation of the ADGM (Abu Dhabi Global Market). This free zone now ranks among the world’s largest financial districts, spanning 14.38 million square meters. Like the DIFC, the ADGM has its own legal system and regulatory framework, overseen by the FSRA (Financial Services Regulatory Authority).

2013年，阿布扎比（Abu Dhabi）遵循了ADGM（阿布扎比全球市場）的創建。現在，這個自由區佔世界上最大的金融區之一，佔地1438萬平方米。像DIFC一樣，ADGM也有自己的法律制度和監管框架，由FSRA（金融服務監管機構）監督。

The ADGM was ahead of its time in introducing a comprehensive regulatory framework for virtual assets back in 2018. The FSRA was the first regulator globally to oversee platforms trading cryptocurrencies and virtual assets.

ADGM早在2018年就為虛擬資產引入全面的監管框架之前。FSRA是全球第一個監督平台交易加密貨幣和虛擬資產的監管機構。

In 2015, the DWTC (Dubai World Trade Centre) was converted into a free zone with the establishment of the DWTC Authority. The creation of this free zone aimed to leverage its role as a premier networking hub, hosting major international events and exhibitions. Since 2021, the DWTC has been working to attract and develop its own crypto ecosystem, having signed an agreement with the SCA before establishing VARA.

2015年，DWTC（迪拜世界貿易中心）通過成立DWTC管理局將其轉換為自由區。這個自由區的創建旨在利用其作為主要網絡中心的角色，主持主要的國際活動和展覽。自2021年以來，DWTC一直在努力吸引和開發自己的加密生態系統，並在建立Vara之前與SCA簽署了協議。

Another popular free zone in Dubai’s crypto ecosystem is the IFZA (International Free Zone Authority), established in Fujairah in 2018 and relocated to Dubai in 2020. The IFZA has built its reputation on its well-integrated ecosystem.

迪拜加密生態系統的另一個受歡迎的自由區是IFZA（國際自由區管理機構），該區域於2018年在富查伊拉（Fujairah）建立，並於2020年搬遷至迪拜。IFZA已在其良好整合的生態系統上建立了聲譽。

Across the road in Abu Dhabi, Twofour54 has become

在阿布扎比的馬路對面，Twofour54已成為