Dubai Free Zone: Licensed Firms to Vet Crypto Tokens, AML Focus
A Dubai free zone is shifting the responsibility of vetting crypto tokens to licensed companies. According to reports, the Dubai Financial Services Authority (DFSA) is implementing a new "company-led suitability model." This model, along with Anti-Money Laundering (AML) expectations, may present challenges for licensed entities when it comes to supporting assets that prioritize privacy. The development indicates a move towards greater regulatory oversight within the crypto space in Dubai.
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