📢Good news! Jacques Visser, Director of Legal Affairs at the Dubai International Financial Center (DIFC), revealed that the Dubai Financial Services Authority (DFSA) is actively promoting the formulation of digital asset laws and is also seeking extensive consultations around the world to address cross-border regulatory issues for virtual assets. 🌍

Dubai is one of the first jurisdictions in the world to propose a "Statement of Basic Principles for Defining What Digital Assets Are" and is currently carefully studying a digital asset plan of the UK Law Commission for about three years. 🔍

DFSA Director of Innovation and Technology Risk Supervision Ken Coghill said that Dubai's regulators will listen to and refer to industry opinions, review existing regulations, promote regulatory progress, and establish more realistic and effective regulations. 👏

It seems that Dubai is actively adapting to the development of digital assets, which is undoubtedly good news for the development of cryptocurrencies such as Bitcoin! 💪🚀