Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Dubai’s duty-free economic zone DIFC enacts new digital asset law
ADOPTION NEWS

Dubai’s duty-free economic zone DIFC enacts new digital asset law

By Crypto FlexsMarch 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dubai’s duty-free economic zone DIFC enacts new digital asset law
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Dubai International Financial Center (DIFC), a tax-free special economic zone in the United Arab Emirates, announced the enactment of a new digital asset law earlier this week.

Together with the new securities law and related amendments to existing laws, the enactment aims to ensure that the DIFC keeps pace with technological developments in international trade and financial markets and provides legal clarity to investors and users of digital assets.

DIFC’s Digital Assets Act will come into effect on March 8, following a review of the regulatory approaches taken by various jurisdictions around the world and a public consultation period held last year.

Established to promote financial services and attract international investment, DIFC operates its own legal system and courts, independent of the UAE and based on English common law.

“We believe this bill is groundbreaking as the first legislative enactment to comprehensively define the legal nature of digital assets as a matter of property law and prescribe how stakeholders can control, transfer and deal with digital assets.” DIFC Chief Legal Officer Jacques Visser said in a statement:

“The DIFC’s move to modernize property and securities laws for blockchain capabilities could support the growth of digital assets and tokenization initiatives by attracting market participants to the free zone,” credit rating agency Moody’s told The Block.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

James Hunt is a reporter for The Block, based in the United Kingdom. As a writer for The Daily newsletter, James also brings you up to speed on the latest cryptocurrency news every week. Before joining The Block in 2022, James spent four years in the industry as a freelance writer, contributing content to publications and cryptocurrency projects. James’ coverage covers everything from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, the latest NFTs and memecoins, the regulatory environment, cryptocurrency company trading, and the latest market updates. Comprehensive. You can contact James on Telegram or X via @humanjets or email him at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 2025

Moonbirds And Azuki IP Coming To Verse8 As AI-Native Game Platform Integrates With Story

September 23, 2025

Buying NFT is like buying a Mickey Mouse T -shirt and an IP.

September 23, 2025

ETH-Based Little Pepe Raises $26M In Presale

September 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025
Most Popular

Arkham CEO Miguel Morel, speech at Paris Blockchain Week 2025

February 18, 2025

Backpack integrates Sui blockchain for improved user experience.

December 11, 2024

RIAI spans more than a generation. It is also a decentralized financial ecosystem.

January 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.