Express

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.

Last Update:

Tags:
Link: Dubai's financial regulator says it will develop a regulatory framework for the crypto sector   [Copy]
  • Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 1 day ago
  • Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 3 days ago
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 8 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 15 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 17 days ago
  • You need to login to comment.