relaxation of the regulations on digital token offering to lessen obstacles of issuers who need fund raising via private placement, while a mechanism to protect investors is appropriate. The Royal Decree on
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2007 ; the Provident Fund Act of 1987 ; the Emergency Decree on Special Purpose Juristic Persons for Securitization of 1997 , and the Emergency Decree on Digital Asset Businesses of 2018 . To https
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