ChainCatcher news, according to official news, the Dubai Financial Services Authority (DFSA) has announced that ZetaChain (ZETA) has been recognized by the DFSA in accordance with the requirements of GEN rule 3A.3.4 of its rulebook.As a universal blockchain, ZetaChain can natively access blockchains including Bitcoin, and the DFSA's recognition brings greater trust and global access to ZetaChain.

ChainCatcher news, Ripple announced that it has received in principle approval for a financial services license from the Dubai Financial Services Authority, unlocking its end-to-end management of payment services in the UAE.

ChainCatcher news, the Dubai Financial Services Authority (DFSA) announced revisions to its cryptocurrency token regime to enhance and advance the regulatory framework for tokens within its economic zone.It is reported that the DFSA is an independent regulatory authority in the United Arab Emirates (UAE) responsible for overseeing entities registered in the Dubai International Financial Centre (DIFC), which is an economic zone in the country.On June 3, the DFSA stated that it has amended its crypto token regime to reflect changes in Consultation Paper 153, which will be published in January 2024. The revisions cover several key areas, including funds investing in crypto tokens and the identification process for crypto tokens. In terms of funds, the amendment affects the ability of external and foreign fund units to offer investments in recognized crypto tokens. Previously, the DFSA had restricted fund activities involving crypto tokens.

ChainCatcher news, according to Cointelegraph, the Dubai Financial Services Authority (DFSA) recently announced that its crypto token regime has come into effect in the Dubai International Financial Centre (DIFC) economic free zone, with a transition period of six months. The new regime is based on the "Investment Token Regulation" launched in DIFC in October 2021. Tokens must follow the established application process to obtain DFSA approval for use in the DIFC, and stablecoins or fiat-backed crypto tokens must meet additional requirements. (Cointelegraph)