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Crypto assetsNovember 10 2022

New crypto rules grant DIFC innovation boost

The Dubai International Financial Centre’s new crypto regime aims for a careful symmetry between the cutting edge and investor protection. James King reports.
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New crypto rules grant DIFC innovation boostImage: Bloomberg Mercury

On November 1, the Dubai Financial Services Authority (DFSA) launched its “Crypto Token regime” in the Dubai International Financial Centre (DIFC), representing a significant milestone for the DFSA’s regulatory ambitions for the sector.

This builds on an existing set of requirements for “investment tokens” introduced in 2021, and positions the DIFC among a top tier of financial centres that boast a comprehensive set of rules governing the use of specific digital assets. 

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