As nations around the world grapple with regulatory uncertainty, Dubai’s financial watchdog launched a regulatory framework for investment tokens. Further, a framework for other cryptocurrencies is to be launched soon.
The framework announced by the Dubai Financial Services Authority (DFSA) earlier today, reflects the regulations that had been proposed in the Consultation Paper that was issued earlier in March. Moreover, it is the first of two phases of the DFSA’s Digital Assets regime.
The regulatory framework has defined an Investment Token as either a Security Token or a Derivative Token. The definition was further elaborated in the announcement as,
“A security or derivative in the form of a cryptographically secured digital representation
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