PANews reported on May 28 that according to FinanceFeeds, the Securities and Commodities Authority (SCA) of the United Arab Emirates announced the launch of the region's first "Finfluencer" license, which aims to regulate individuals who publish financial investment advice on platforms such as social media, and enhance 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.