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Dubai's financial regulator says it will develop a regulatory framework for the crypto sector

Summary: Announcing the effort in its business plan for 2021-2022, the Dubai Financial Services Authority (DFSA) said "a regulatory regime for digital assets (such as tokenized securities and crypto-currencies)" will be built. Details of the DFSA's plan are scant, but local outlet The National reported that the regulator will publish two consultation papers seeking feedback on ...

Announcing the effort in its business plan for 2021-2022, the Dubai Financial Services Authority (DFSA) said "a regulatory regime for digital assets (such as tokenized securities and crypto-currencies)" will be built.

Details of the DFSA's plan are scant, but local outlet The National reported that the regulator will publish two consultation papers seeking feedback on its proposed rules in the first and second quarters of this year.

It should be noted that Ripple recently set up a regional base in Dubai, and the company's CEO, Brad Garlinghouse, has previously shortlisted the UAE for its new headquarters.

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