The Dubai Financial Services Authority (DFSA) has released a Consultation Paper (CP) aiming to gather public input on proposed amendments to their regulatory framework governing financial services activities associated with Crypto Tokens. These changes, derived from supervisory insights, recent market dynamics, and international recommendations, focus solely on Crypto Tokens, excluding regulations pertaining to Investment Tokens. The proposed revisions are relevant to various entities. The paper delves into the background, explaining the evolution from the March 2022 CP143 on Crypto Token regulations and subsequent developments in the global regulatory landscape.
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