Dubai regulator created a regulatory framework for investment tokens – Bits Media

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Регулятор Дубая создал нормативную базу для инвестиционных токенов - Bits Media

Dubai financial services management (DFSA) created a regulatory framework for investment tokens-tokens and derivatives of tokens. Later it is planned to include cryptocurrencies and stablecoins in it.

According to the Dubai financial services department (DFSA) The regulatory framework for tokens-promotions was created to develop a financial environment and satisfy the requirements of market participants. DFSA - independent regulator of financial activities in Dubai, which is responsible for monitoring and regulation of the work of companies, providing financial services.

According to the WAM news agency, In the normative database DFSA, investment tokens are divided into tokens (security token) Or NJRTYS DERIVATIVES (derivative token). According to the document, they include: “Securities or their derivatives in the form of a cryptographically protected digital representation of rights and obligations, which are produced, Translated, They are stored using DLT or other similar technology. ”

The regulatory framework can be applied to private individuals, interested in buying, sale and storage of investment tokens
and firms, which provide financial services, related to such assets.

The creation of a new regulatory structure is the first step in solving the issue of regulation of digital assets. Supplements have been submitted to the document, reflected in
Advisory document 138, published in March 2021 of the year. In March, the Dubai financial services department called on public representatives to provide comments on the rules they propose. The new document indicates the permitted types of investment tokens, which can be posted on the digital assets exchange in the International Financial Center Dubai.

DFSA is working on the creation of a regulatory framework and for “incomparable securities” on the blockchain. They will include cryptocurrencies, service tokens and some stem. The publication of additions to the document is scheduled in the fourth quarter of this year.