Dubai Issues New Rules for Security, Derivatives Tokens

Dubai’s Financial Services Agency announced new rules for “investment tokens,” which can represent securities or be derivatives.The agency defines investment tokens as cryptographically secured tokens that have some of the same attributes as securities and derivatives, and are issued, transferred and stored using distributed ledger technology.These tokens are different to exchange tokens, or cryptocurrencies. Security tokens are blockchain-based representations of underlying assets, and derivatives tokens derive their value from other...

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