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CryptoIntelligence 2024-06-05 08:54:35

DFSA Revises Cryptocurrency Regulations to Enhance Investment Flexibility, Recognize New Tokens

]The Dubai Financial Services Authority (DFSA) has announced updates to its cryptocurrency token regulations to enhance the framework within its special economic zone. The DFSA, an independent regulator in the United Arab Emirates (UAE), oversees entities in the Dubai International Financial Centre (DIFC), a key economic zone. On June 3, the DFSA revised its crypto token regime, incorporating changes from Consultation Paper 153, issued in January 2024. The amendments cover several areas, including funds investing in crypto tokens and the recognition process for these tokens. Previously, DFSA regulations restricted funds from offering units in external and foreign funds investing in

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