Dubai regulators call for public feedback on proposed crypto laws
Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations. The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity.According to a DFSA press release issued on Monday, Dubai's financial regulator has called on members of the public to submit comments on its proposed regulations for cryptos deemed to be security tokens.The public comments phase of the process will last for 30 days and is part of the modalities for instituting the DFSA’s....
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The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry. The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players' demands and requirements.The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services.According to a report....
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