Dubai DFSA: Studying a three-year digital asset plan by the UK Law Commission
According to Jacques Visser, the Legal Counsel of the Dubai International Financial Center (DIFC), the Dubai Financial Services Authority (DFSA) is not only launching a digital asset law, but also focusing on cross-border regulation. Dubai is the first jurisdiction to propose a "basic principle statement defining what digital assets are", and continues to seek extensive consultation globally to address cross-border regulation of virtual assets in accordance with international standards. Currently, the DFSA is carefully studying a three-year digital asset plan by The Law Commission in the UK. Ken Coghill, the Director of Innovation and Technology Risk Regulation at the DFSA, stated that Dubai's regulatory authorities will listen to and refer to industry opinions, examine existing regulations, promote regulatory progress, and establish more effective regulations that are more in line with reality.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Californian Man Sentenced to Prison For 7 years for Crypto Laundering
Hyperliquid Hits $1 Trillion in Trading Volume, Rivals CEX
Ethereum Forms Potential Bottom as Price Holds Above $1,900 Support

Solana Confirms Hidden Bull Divergence: Is a 107% Surge Now in Play?

Trending news
MoreCrypto prices
More








