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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.
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