DFSA Consultation Paper No. 168 – Enhancements to the Regulation of Crypto Tokens
Key Points
Proposes major updates to the DFSA’s Crypto Token regime in the DIFC, shifting from DFSA-recognised tokens to firm-led suitability assessments.
Strengthens governance, transparency, and reporting obligations while providing greater flexibility for fund managers and regulated firms.
Who is this for
DFSA-authorised firms conducting crypto-related financial services in the DIFC.
Compliance, risk, and legal teams developing token assessment and governance frameworks.
Boards, asset managers, and fintech operators preparing for rule implementation and reporting obligations.
What will you get
Summary of the eight reform areas: token suitability, fiat tokens, jurisdiction rules, funds, conduct, fees, reporting, and transitions.
Practical implications: new monthly reporting, public token disclosures, and firm accountability for token assessments.
Implementation checklist covering governance, recordkeeping, website publication, and training.
Clear next steps: submit consultation feedback by 31 October 2025 and begin readiness planning for the three-month transition period.
