Dubai Gold Authority's New Cryptocurrency Regulations in Effect, Shifting Token Suitability Assessment Responsibility to Licensed Firms
BlockBeats News, January 12th, the Dubai Financial Services Authority (DFSA) has officially implemented a significant update to its cryptocurrency token regulation framework, transferring the responsibility for cryptocurrency token applicability assessment from the regulatory authority to licensed firms operating within the Dubai International Financial Centre (DIFC).
Under the revised rules, which came into effect this Monday, companies providing financial services involving cryptocurrency tokens must now self-assess whether the tokens they are dealing with meet the DFSA's applicability criteria. As part of the changes, the DFSA will no longer maintain or publish a list of recognized cryptocurrency tokens.
This update follows a consultation process initiated in October 2025, reflecting a shift in the regulatory approach since the introduction of cryptocurrency token regulation in 2022. The DFSA stated that it has closely monitored market developments during this period and engaged with stakeholders to ensure alignment with global standards.
The DFSA's updated framework does not explicitly name any specific category of digital assets to be prohibited. However, the revisions shift the token applicability assessment responsibility from the regulatory authority to licensed firms operating within the DIFC.
Despite the absence of explicit bans, privacy-focused tokens such as Monero and Zcash may face increased scrutiny under the DFSA's updated framework. Some privacy coins may be perceived as high-risk assets by internal compliance teams, leading companies to apply stricter due diligence standards or to completely avoid supporting such tokens.
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