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Tuesday, May 18, 2021

Dubai regulators call for public feedback on proposed crypto laws

Dubai regulators call for public feedback on proposed crypto laws

The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity.
According to a DFSA press release issued on Monday, Dubai’s financial regulator has called on members of the public to submit comments on its proposed regulations for cryptos deemed to be security tokens.

The public comments phase of the process will last for 30 days and is part of the modalities for instituting the DFSA’s “Framework for Regulating Security Tokens.”

Dubai’s security token infrastructure focuses on providing regulatory clarity across three major areas of concern. The first part deals with creating a regulated framework for offering and trading digital securities to investors including retail buyers.

Quote of the Day

“If no one had an army, armies would not be needed. But the same can be said of most lobbyists, PR specialists, telemarketers, and corporate lawyers. Also, like literal goons, they have a largely negative impact on society. I think almost anyone would concur that, were all telemarketers to disappear, the world would be a better place.”
― David Graeber, Bullshit Jobs: A Theory

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