The Dubai Financial Services Authority (DFSA) has released a regulatory framework for digital assets in its 2021-2022 business plan.
Dubai's financial regulator has announced plans for 2021-2022, including regulatory changes concerning digital assets such as cryptocurrencies and tokenized securities.
- Its 16-page "Digital Assets Regime" describes how the DFSA will enhance regulations of digital asset issuers and digital asset trading platforms.
- A local news report dated Jan. 18 suggests that the regulators would initially release two consultation papers and accept public comments and feedback on new regulations.
- Nearby Abu Dhabi, which conducts a significant amount of commerce with Dubai, has issued its own cryptocurrency rules for participants in its financial center, Abu Dhabi Global Market.