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Dubai's financial watchdog, the DFSA, has loosened its crypto leash! 🐕‍🦺 Previously seen as too strict, the regulator has revised its crypto token regime, allowing more freedom for funds to invest in crypto tokens. The changes also permit domestic funds to dabble in unrecognized tokens, as long as they don't exceed 10% of the fund's total asset value. The application fee for token recognition has been slashed from $10,000 to $5,000, and new recognition criteria for stablecoins have been introduced. But don't get too excited, the DFSA insists it's not going soft, just adapting to market developments.

Dubai's financial watchdog, the DFSA, has loosened its crypto leash! 🐕‍🦺 Previously seen as too strict, the regulator has revised its crypto token regime, allowing more freedom for funds to invest in crypto tokens. The changes also permit domestic funds to dabble in unrecognized tokens, as long as they don't exceed 10% of the fund's total asset value. The application fee for token recognition has been slashed from $10,000 to $5,000, and new recognition criteria for stablecoins have been introduced. But don't get too excited, the DFSA insists it's not going soft, just adapting to market developments.

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