๐ฟ๐ช๐๐๐โ๐จ ๐๐๐ฌ ๐พ๐ง๐ฎ๐ฅ๐ฉ๐ค ๐๐ช๐ก๐๐จ: ๐ฟ๐๐๐ผ ๐๐ช๐ฉ๐จ ๐๐ค๐ ๐๐ฃ โ๐๐ช๐๐ฉ๐๐๐๐ก๐๐ฉ๐ฎโ ๐๐ฃ ๐๐๐ง๐ข๐จโ ๐๐๐ฃ๐๐จ ๐๐๏ธ
Dubai just flipped an important switch in its crypto regulatory approach. ๐โ
Theย Dubai Financial Services Authority (DFSA)ย has officiallyย activated an updated crypto framework, and the big change is this:
๐ Key Shift
Instead of the regulator doing theย token suitability assessment, the responsibility now moves toย authorized firms. ๐ฆโก๏ธ๐งฉ
๐ง Why This Matters
More accountability for firms: better due diligence, governance, and risk checks required โ
Potentially faster market adaptation: firms can evaluate tokens directly (but must justify decisions) โก
Investor focus: expect stronger internal controls + clearer disclosures (in theory) ๐
โ ๏ธ What to Watch (as a user/investor)
Who assessed the token and on what criteria?
What are the risks + custody structure?
Is the firm clearly regulated/authorized under DFSA rules?
๐ Source: DFSA (link above)