DFSA Crypto Token Regime

DFSA Crypto

The Dubai Financial Services Authority (DFSA) introduced a dedicated Crypto Token regime within the DIFC in 2021, allowing regulated firms to offer specified crypto token activities. The regime distinguishes between Investment Tokens (securities-like), Crypto Tokens (utility/exchange), and Utility Tokens. It applies to firms licensed under the DFSA's Capital Investment Law and Collective Investment Law.

Key Requirements

• Obtain DFSA authorisation to deal in, advise on, or arrange Crypto Tokens as Recognised Crypto Tokens
• Apply for individual token recognition from the DFSA before marketing or offering a token to clients
• Comply with DFSA client classification, disclosure, and suitability rules adapted for crypto activities
• Implement AML/CFT controls aligned with DFSA and FATF requirements, including Travel Rule compliance
• Maintain segregation of client crypto assets from firm assets
• Report incidents, material changes, and suspicious activities to the DFSA as required

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