The changes encompassed several areas, including the ability of both external and domestic funds to invest in crypto tokens.
The Dubai Financial Services Authority (DFSA) has announced amendments to its cryptocurrency token regime to enhance and advance the regulatory framework for tokens within its special economic zone.
The DFSA is an independent regulator in the United Arab Emirates (UAE) which oversees entities registered in the Dubai International Financial Centre (DIFC), one of the country’s special economic zones.
On June 3, the DFSA said it revised its crypto token regime to reflect changes stemming from its Consultation Paper 153, published in January 2024. The amendments addressed several vital areas, including funds investing in crypto tokens and the recognition process for crypto tokens.
