Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Tnoy30 on October 26, 2021, 01:40:48 PM
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The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry. The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players' demands and requirements.
The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services.
Source: Dubai regulator announces new regulations for investment tokens
(https://cointelegraph.com/news/dubai-regulator-announces-new-regulations-for-investment-tokens)
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Such regulation of the circulation of cryptocurrency by states and their regulatory bodies should become normal. The main thing is for what purpose it is carried out and how appropriate such regulation is in terms of improving and clarifying the rights and obligations of participants in this market. It should not only be unnecessarily prohibitive. Reasonable regulation will only benefit cryptocurrency.