The Dubai financial institution has established a base to regulate assets such as cryptocurrencies.

According to a report by TheNationalNews, the Dubai Financial Services Authority is laying a foundation for regulating digital assets such as cryptocurrencies. The agency announced the decision in its 2021/22 business plan announced on Monday. Peter Smith, director of strategy and security at Dubai Financial Services (DFSA), said he will oversee a wide range of digital assets, including security tokens, electronic devices and various types of exchange tokens. (or payment). cryptocurrencies) and the service companies involved in these markets. The DFSA will publish two meetings in the first and second quarters to learn about the proposed fees.