🎉Good news! The Dubai Financial Services Authority (DFSA) announced amendments to its cryptocurrency token regime to strengthen and advance the regulatory framework for tokens within its special economic zones. 🌍The DFSA is an independent regulator in the United Arab Emirates (UAE) that oversees entities registered in the Dubai International Financial Centre (DIFC). 📝
📆On June 3, the DFSA said it had amended its crypto token regime to reflect changes in Consultation Paper 153, which was published in January 2024. The amendments cover several important areas, including funds investing in crypto tokens and the identification process for crypto tokens. 💼
🔍On the fund side, the amendment affects the ability to offer units of external and foreign funds that invest in recognized crypto tokens. Previously, the DFSA restricted fund activities involving crypto tokens. This is undoubtedly a big step forward for the blockchain industry! 🚀
That’s all for today’s blockchain news flash, let’s look forward to more good news! 🎊