The cryptocurrency industry has continued to extend and its acceptance embraced across the globe. Dubai through its regulatory institution Dubai Financial Services Authority (DFSA) has created a regulatory mechanism for investment token.
The DFSA is the independent regulator of financial services conducted in or from the DIFC, a purpose-built financial free zone in dubai, uae. it is also in charge of licensing and regulating the products and services of these companies.
The regulatory framework will see investment tokens as a security or derivative token which will be the first act towards the Digital Assets Regime of the DFSA.
Dubai has shown its economy is open to cryptocurrency trading and investment having realized a high economic possibilities from digital assets. Thus facilitating a network of cryptocurrency traders and owners.
News Source: Rate captain
