Dubai DFSA: Studying a UK Law Commission’s Three-Year Plan for Digital Assets

2024/06/22 14:25

Odaily News According to Jacques Visser, Director of Legal Affairs at the Dubai International Financial Center (DIFC), in addition to launching the Digital Assets Law, the Dubai Financial Services Authority (DFSA) is more concerned about cross-border regulation. Dubai is one of the first jurisdictions to propose a Statement of Basic Principles for Defining What Digital Assets Are. It continues to seek extensive consultations around the world to address cross-border regulatory issues for virtual assets in accordance with international standards. It is currently carefully studying a three-year digital asset plan by the UK Law Commission. Ken Coghill, Director of Innovation and Technology Risk Regulation at the Dubai Financial Services Authority, said that Dubais regulators will listen to and refer to industry opinions, and based on this, review existing regulations, promote regulatory progress, and establish more realistic and effective regulations.

原文链接
Latest news
17:14
Hidden Road Obtains US Broker License After Acquisition by Ripple
17:09
Opinion: Altcoins may recover in Q2 thanks to improved regulation
17:04
BitMart Market Report on April 18: BTC is expected to continue to fluctuate in the short term
16:49
Goldman Sachs: Once the Fed becomes a political tool, it will push gold prices up to $4,500 an ounce
16:36
Arizona House of Representatives passes digital asset reserve fund bill
Recommended Reading