In March 2022, the DFSA issued a consultation paper, CP143 – Regulation of Crypto Tokens. The paper set out proposals for regulation of persons wanting to provide financial services in respect of Crypto Tokens in or from the DIFC. After reviewing responses to the paper, the DFSA has today published a Feedback Statement explaining:

• our thinking in areas where changes were made, or where we had reasons not to make changes;
• our plans for implementation of the Crypto Token regime, including how we will deal with firms applying to be licensed by the DFSA in this area; and
• our plans for future work in the crypto area to develop our regulation further.

To read the Feedback Statement please click here.