Dubai Financial Services Authority (DFSA) has recently changed regulations in the DIFC financial zone, whereby licensed businesses will now self-assess and be responsible for the crypto tokens they support. DFSA will no longer publish a list of approved tokens as before.



The new regulation aims to shift towards a more flexible management approach, aligned with international standards and encouraging innovation, rather than having the regulatory authority decide on behalf of the market.

While not directly banning, anonymous tokens like Monero or Zcash will be scrutinized more closely, and many businesses may avoid supporting them due to high AML (anti-money laundering) risks.
#GateProofOfReservesReport
ZEC-0,42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt