The Dubai Financial Services Authority implements the "Crypto Token Regime" in the Dubai International Financial Centre Economic Zone

ChainCatcher news, according to Cointelegraph, the Dubai Financial Services Authority (DFSA) recently announced that its crypto token regime has come into effect in the Dubai International Financial Centre (DIFC) economic free zone, with a transition period of six months. The new regime is based on the "Investment Token Regulation" launched in DIFC in October 2021. Tokens must follow the established application process to obtain DFSA approval for use in the DIFC, and stablecoins or fiat-backed crypto tokens must meet additional requirements. (Cointelegraph)