The Dubai Financial Services Authority (DFSA) set out to regulate crypto businesses in 2022 with the intention of fostering innovation in a measured, responsible and transparent manner, while still meeting our regulatory objectives.
The DFSA's regime addresses the full range of associated risks, including those relating to money laundering and financial crime, consumer protection, technology governance, custody and exchange operations.
Under the regime, firms in the Dubai International Financial Centre (DIFC) can obtain a licence to provide financial services with Crypto Tokens in or from the DIFC.
Work is continuously undertaken to ensure the regime reflects market practices and international regulatory standards.
A Token is a cryptographically secured digital representation of value, rights or obligations, which may be issued, transferred and stored electronically, using distributed ledger technology or other similar technology.
A Crypto Token is a type of Token that is used, or is intended to be used, as a medium of exchange or for payment or investment purposes (or that confers a right or interest i...