United Arab Emirates: Dubai Financial Services Authority notice of crypto token recognition for USDC and EURC stablecoins
Progress
Current status
in force
17 Feb 2025 in force
Scope
Implementers
United Arab Emirates
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational
Timeline of events
Dubai Financial Services Authority issued notice recognising USDC and EURC stablecoins
On 17 February 2025, the Dubai Financial Services Authority (DFSA) officially recognised USDC and EURC as approved crypto tokens within the Dubai International Financial Centre (DIFC), marking the first time stablecoins have received this designatio…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
other regulatory body