{"id":14877,"date":"2021-03-31T05:00:57","date_gmt":"2021-03-31T05:00:57","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=14877"},"modified":"2021-03-31T05:01:02","modified_gmt":"2021-03-31T05:01:02","slug":"news-commentary-1323-bitstil-dubai-and-cryptocurrency-laws","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=14877","title":{"rendered":"News Commentary #1,323 \u2013 BitStil | Dubai And Cryptocurrency Laws.."},"content":{"rendered":"<p>The <a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noreferrer noopener\">BitStil<\/a> platform (reviewed <a href=\"https:\/\/emilynews.com\/blog\/?p=10890\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>) decided to inform us about the blockchain news from Dubai. The news affects the financial (cryptocurrency) and regulatory sectors, which can indirectly confirm the further development and implementation of blockchain technologies.<\/p>\n<p><a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10853\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/05\/bl468.gif\" alt=\"\" width=\"468\" height=\"60\" \/><\/a><\/p>\n<p>Well, let me remind you that Dubai is the largest city in the United Arab Emirates, which also aims to become the <strong>business center of Western Asia<\/strong>, therefore the news coming from there attracts the attention of a large part of investors around the world.<\/p>\n<p>Let&#8217;s get acquainted:<\/p>\n<blockquote>\n<div class=\"row\">\n<div class=\"col-lg-12 aos-init aos-animate\" data-aos=\"fade-left\" data-aos-delay=\"0\">\n<div class=\"main-title\">The financial regulator of Dubai proposes to discuss cryptocurrency laws.<\/div>\n<div>\u00a0<\/div>\n<\/div>\n<\/div>\n<div class=\"main-text\">\n<div>Dubai regulators call for public feedback on proposed crypto laws. Financial regulators in Dubai have enacted a 30-day window for public comments on security token regulations.<\/div>\n<div>\u00a0<\/div>\n<div>The Dubai Financial Services Authority, or DFSA, is continuing its efforts to create a standardized framework for cryptocurrency regulations in the megacity.<\/div>\n<div>\u00a0<\/div>\n<div>According to a DFSA press release issued on Monday, Dubai&#8217;s financial regulator has called on members of the public to submit comments on its proposed regulations for cryptos deemed to be security tokens.<\/div>\n<div>\u00a0<\/div>\n<div>The public comments phase of the process will last for 30 days and is part of the modalities for instituting the DFSA\u2019s \u201cFramework for Regulating Security Tokens.\u201d<\/div>\n<div>\u00a0<\/div>\n<div>Dubai\u2019s security token infrastructure focuses on providing regulatory clarity across three major areas of concern. The first part deals with creating a regulated framework for offering and trading digital securities to investors including retail buyers.<\/div>\n<div>\u00a0<\/div>\n<div>The DFSA is prioritizing quality control protocols to protect retail investors with security token issuers complying with strict disclosure requirements in their prospectuses.<\/div>\n<div>\u00a0<\/div>\n<div>The third area of concern for the DFSA focuses on the support services associated with security tokens. These include asset custody providers and advisory services.<\/div>\n<div>\u00a0<\/div>\n<div>Commenting on the need for clear cut regulations for security tokens based on decentralized ledger technology, DFSA chief executive Bryan Stirewalt said:<\/div>\n<div>\u00a0<\/div>\n<div>\u201cThe proposal for regulation of security tokens is a key milestone in paving a clear and certain path for those issuers who wish to raise capital in or from the DIFC using DLT and similar technology. And for those firms who intend to be involved in this market, by conducting or providing financial services.\u201d<\/div>\n<div>\u00a0<\/div>\n<div>According to Stirewalt, the DFSA\u2019s goal is to strike a balance between regulatory oversight and promoting innovation in the digital asset space. The regulatory agency plans to publish laws for utility tokens and \u201cexchange tokens\u201d later in 2021.<\/div>\n<div>\u00a0<\/div>\n<div>Indeed, the city has become a hub for crypto and blockchain technology in the Gulf region. Back in February, Kiklabb, a state-owned licensing company, began accepting cryptocurrency payments.<\/div>\n<div>\u00a0<\/div>\n<div>In July 2020, the United Arab Emirates government debuted a blockchain-based Know Your Customer platform.<\/div>\n<div>\u00a0<\/div>\n<div><strong>Join <a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noopener\">BitStil<\/a> and bring your life quality to a whole new level!<\/strong><br \/><a href=\"https:\/\/emilynews.com\/link.php?id=1367\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignnone size-large\" src=\"https:\/\/bitstil.com\/bitstilIMAGES\/EN_Bitstill_DFSA.jpg\" width=\"100%\" height=\"\" \/><\/a><\/div>\n<\/div>\n<\/blockquote>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions &#8211; <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>Simply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>or Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN &#8211; please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BitStil platform (reviewed here) decided to inform us about the blockchain news from Dubai. The news affects the financial (cryptocurrency) and regulatory sectors, which can indirectly confirm the further development and implementation of blockchain &hellip; <a title=\"News Commentary #1,323 \u2013 BitStil | Dubai And Cryptocurrency Laws..\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=14877\"><span class=\"screen-reader-text\">News Commentary #1,323 \u2013 BitStil | Dubai And Cryptocurrency Laws..<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4332,4190,4323,4402,4195,4196,4197,4192,4325,4205,4191,4193,4206,4202],"class_list":["post-14877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitstil-crypto-invest","tag-bitstil-hyip","tag-bitstil-hyip-info","tag-bitstil-hyip-status","tag-bitstil-info","tag-bitstil-investment-plan","tag-bitstil-investment-program","tag-bitstil-news","tag-bitstil-on-en","tag-bitstil-review","tag-bitstil-scam-or-paying","tag-bitstil-update","tag-bitstil-updates","tag-https-bitstil-com-refemilynews","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>News Commentary #1,323 \u2013 BitStil | Dubai And Cryptocurrency Laws.. - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=14877\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,323 \u2013 BitStil | Dubai And Cryptocurrency Laws.. - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"The BitStil platform (reviewed here) decided to inform us about the blockchain news from Dubai. 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