Regulators around the region have been getting to grips with how to handle cryptocurrencies and other digital assets over the past couple of years.
Abu Dhabi Global Market s Financial Services Regulatory Authority published its first guidance on the topic in 2018 and in-principal approval to a number of crypto asset exchanges in 2019, including BitOasis, Digital Assets Exchange, Matrix Exchange and MidChains, among others. The Central Bank of Bahrain also launched rules governing the provision of crypto asset services in the kingdom in 2019.
The DFSA s business plan also said it would promote Dubai s capital markets by enabling capital-raising by small and medium enterprises (SMEs) through equity and debt listings in the DIFC .