DFSA, an independent regulatory body in Dubai, has made some changes to the definition of investment tokens. Thus, according to a local media report, the UAE wants to improve the security and reliability of cryptocurrency transactions.
Even though according to world experts, the UAE continues to be the most favorable environment for the digital asset industry, DFSA does not want to stop there. The new rules that will affect investment tokens are aimed at the benefit of the market consumers themselves. According to media reports, the regulator wants to do everything possible to improve the technological and financial sphere in the UAE.
Now, according to a local news outlet, the investment token will be defined as a “security token” or “arbitrary token”.
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It is known that these changes are only part of the implementation of the plan to improve crypto-activities in the UAE. All these promises were announced six months ago, in March, when the DFSA published the so-called advisory document. It was in it that the steps were spelled out, the implementation of which will create even more loyal conditions for the crypto business.
Earlier in Dubai, the number of real estate transactions in which bitcoin appears has significantly increased.