Odaily Planet Daily News The Dubai Financial Services Authority (DFSA) announced revisions to its cryptocurrency token regime to strengthen and advance the token regulatory framework within its special economic zones. It is reported that the DFSA is an independent regulator in the United Arab Emirates (UAE) responsible for supervising entities registered in the Dubai International Financial Center (DIFC), a special economic zone in the country. On June 3, the DFSA stated that it had revised its crypto token regime to reflect changes in Consultation Paper 153, which was published in January 2024. The revision involves several important areas, including funds investing in crypto tokens and the identification process of crypto tokens. In terms of funds, the amendment affects the ability to offer external and foreign fund units that invest in recognized crypto tokens. Previously, the DFSA restricted fund activities involving crypto tokens. (Cointelegraph)
