Token

2024

Dubai

<ul class="news-points">
 <li><strong>DFSA updates crypto token regime, allowing investment in both recognized and unrecognized crypto tokens.</strong></li>
 <li><strong>New regulations cover custody, staking, financial crime compliance, transaction monitoring, and stablecoin criteria.</strong></li>
 <li><strong>Amendments align with international standards, reflecting IOSCO and Basel Committee guidelines on crypto assets and DeFi.</strong></li>
</ul>
<p>Chainalysis reported on Twitter that the Dubai Financial Services Authority (DFSA) has significantly revised its crypto token regulations following a consultation launched in January 2024. This update marks a major advancement in the regulatory framework for cryptocurrencies within the Dubai International Financial Center (DIFC).</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/7 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e6-1f1ea.png" alt="🇦🇪" class="wp-smiley" style="height: 1em; max-height: 1em;">On 3 June 2024, the Dubai Financial Services Authority (DFSA) amended its Crypto Token Regime following its consultation published in January 2024. What should industry players note? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4dd.png" alt="📝" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Chainalysis (@chainalysis) <a href="https://twitter.com/chainalysis/status/1800394482233544807?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 11, 2024</a>
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<p>The DFSA has introduced several <a href="https://coinedition.com/dubai-regulator-warns-on-crypto-jurisdictional-regulatory-gaps/" rel="noopener noreferrer nofollow">key amendments</a> aimed at fostering innovation and enhancing regulatory clarity. One major change authorizes the offering of Units of External and Foreign Funds that invest in recognized crypto tokens. Additionally, Domestic Qualified I…</p>
<p>The post <a href="https://coinedition.com/dubais-crypto-rules-just-got-a-major-upgrade/" rel="noopener noreferrer nofollow">Dubai’s Crypto Rules Just Got a Major Upgrade</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Dubai’s Crypto Rules Just Got a Major Upgrade

Coin Edition

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