UAE launches Finflux license to regulate digital financial content

According to FinnceFeeds, the UAE Securities and Commodities Authority (SCA) has announced the launch of the region's first "Finfluencer" license, aimed at regulating individuals who post financial investment advice on social media and other platforms, enhancing market transparency and investor protection. The license covers all public communication channels, and the holder must comply with the same compliance standards as traditional financial advisors. SCA will waive registration, renewal, and legal consultation fees for the next three years to encourage early adoption and support financial innovation.