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Dubai regulator to develop cryptocurrency framework
Dubai Financial Services Authority (DFSA) has announced plans to draw up a regulatory framework for the UAE s nascent cryptocurrency sector.
Few of the plans details have been released at this stage. However it is understood the new regulations, likely to come into effect in 2022, will cover all digital assets and cryptocurrencies.  
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The proposed rules will be based on the results of consultation papers, which are due to be distributed this year, according to reports.. 
In a statement the DFSA said it will be creating a regulatory regime for digital assets (such as tokenized securities and crypto-currencies).   ....

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