The Dubai Financial Services Authority (DFSA) has implemented an updated regulatory framework for Crypto Tokens.

The revised rules aim to provide greater clarity for market participants and support a transparent and well-regulated digital assets environment.

The updated framework follows a consultation in October 2025 and reflects the DFSA’s approach since the launch of the Crypto Token regime in 2022.

Over the past three years, the DFSA has monitored market developments and engaged with industry stakeholders and international regulators to ensure its rules remain robust and globally aligned.

A significant change under the new framework is the shift from a DFSA-led suitability assessment to a firm-led process.

Firms offering financial services involving Crypto Tokens are now responsible for determining, on a reasoned and documented basis, whether each Crypto Token meets the DFSA’s suitability criteria.

Consequently, the DFSA will no longer publish a list of recognised Crypto Tokens.

The framework also introduces enhanced safeguards for investors, updated conduct and operational requirements, and proportionate reporting obligations aligned with the current state of the global digital assets market.

Charlotte Robins, Managing Director, Policy & Legal, DFSA, said:

“These updated rules provide firms with greater clarity and flexibility, and ensure that our regulatory crypto token regime remains aligned with international best practice. Our objective remains clear, to maintain a transparent and predictable regulatory framework that safeguards market integrity and enables sustainable and responsible market development in DIFC.”

The revised framework provides firms operating, or seeking to operate, in DIFC with a clearer pathway for activities involving Crypto Tokens, including trading, fund and asset management, custody, advisory, and related financial services.

Featured image credit: DFSA