The Dubai Financial Services Authority (DFSA) has announced amendments to its cryptocurrency token regime to strengthen and advance the token regulatory framework within its Special Economic Zone.
On June 3, the DFSA said it revised its crypto token regime to reflect changes in Consultation Paper 153, which was published in January 2024. The revision addresses several important areas, including funds investing in crypto tokens and the process of identifying crypto tokens. On the fund side, the amendment affects the ability of external and foreign fund units offering investments in recognized crypto tokens. Previously, the DFSA restricted fund activities involving crypto tokens.
Dubai Financial Services Authority updates its cryptocurrency token regime
2024-06-03 11:21:48
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