United Arab Emirates: Dubai Financial Services Authority issued notice recognising USDC and EURC stablecoins
Description
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…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
executive
Government Body
other regulatory body