🇦🇪 Dubai redraws the rules for crypto regulation
In a move reflecting the maturity of the regulatory framework for digital assets, the Dubai Financial Services Authority (DFSA) announced the transfer of responsibility for assessing the suitability of crypto tokens from the regulatory body to licensed companies operating within the Dubai International Financial Centre (DIFC).
🔍 What does this mean?
▪️ Empowering companies to take greater responsibility in protecting investors
▪️ Accelerating the listing and development of new crypto products
▪️ Shifting from direct regulatory oversight to a trust-based and accountable regulatory model
▪️ Strengthening Dubai's position as a global hub for regulated financial innovation
This step confirms that Dubai does not oppose innovation, but rather regulates it intelligently, setting world-class standards that balance flexibility, compliance, and investor protection.
