Dubai’s DIFC passes comprehensive digital asset law, new security law
The center claims it has created the world’s first comprehensive set of legal characteristics of digital assets as property in a new, short law.
The Dubai International Financial Centre (DIFC), a special economic zone with over 5,000 residents, has announced the passage of a new digital assets law and security law and amendments to existing law. The center has its own legal system based on English law.
The legislative developments seek to “keep pace with the rapid developments in international trade and financial markets...