The Dubai International Financial Centre (DIFC) has implemented the “world’s first” digital assets law, recognizing the growing significance of cryptocurrencies. The law, which amends various legal frameworks, including contract and trust laws, defines digital assets and their treatment. Jacques Visser, Chief Legal Officer at DIFC, hailed the legislation as groundbreaking, setting precedents for global digital asset regulation. DIFC’s move aims to bolster its position as a leading financial hub.
Dubai International Financial Centre Enacts Digital Assets Law
