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🇦🇪 DUBAI UPDATE: Firms now "DYOR" for the Regulator!
Effective since January, the Dubai Financial Services Authority (DFSA) has shifted responsibility to licensed firms to evaluate the suitability of crypto tokens themselves rather than following a "pre-approved" list. This "firm-responsibility" model is designed to accelerate listing speeds for new assets.
Is this the right way to handle new tokens? Or too risky? 🧐
#DubaiCrypto #VARARegulation #DIFC #UAE 🇦🇪🛡️
Effective since January, the Dubai Financial Services Authority (DFSA) has shifted responsibility to licensed firms to evaluate the suitability of crypto tokens themselves rather than following a "pre-approved" list. This "firm-responsibility" model is designed to accelerate listing speeds for new assets.
Is this the right way to handle new tokens? Or too risky? 🧐
#DubaiCrypto #VARARegulation #DIFC #UAE 🇦🇪🛡️
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