Dubai's DFSA has delegated token suitability assessments to licensed DIFC firms, ending its official approved token list and potentially heightening scrutiny of privacy-focused cryptocurrencies.
On January 12, the Dubai Financial Services Authority (DFSA) updated its crypto token regulations, transferring suitability assessment responsibilities to licensed firms within the Dubai International Financial Centre (DIFC). The regulator will no longer publish an official approved token list, a change that could increase scrutiny on privacy coins such as Monero and Zcash.