Dubai regulator to develop cryptocurrency framework

clock • 1 min read

Dubai Financial Services Authority (DFSA) has announced plans to draw up a regulatory framework for the UAE's nascent cryptocurrency sector. Few of the plans details have been released at this stage. However it is understood the new regulations, likely to come into effect in 2022, will cover all digital assets and cryptocurrencies.   The DFSA oversees inancial services firms registered in Dubai International Financial Centre (DIFC), a burgeoning freezone in the city. The proposed rules will be based on the results of consultation papers, which are due to be distributed this year, a...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.