The sandbox, part of the DFSA’s Innovation Testing Licence programme, aims to enhance innovation while maintaining market integrity and protecting investors
Dubai Financial Services Authority
Latest in Dubai Financial Services Authority
DFSA
DFSA to organise Regulatory Sandbox to enhance tokenisation in DIFC
Sandbox offers a regulatory pathway from experimentation to full authorisation; Firms are invited to submit an Expression of Interest before 24 April
Dubai
Ripple becomes first blockchain-enabled payments provider to secure DFSA licence
Having established its Middle East headquarters in DIFC in 2020, more than 20 per cent of its global customer base is already operating in the region
Cryptocurrency
Nod for stablecoins USDC and EURC to accelerate UAE’s emergence as a crypto powerhouse, say experts
The DFSA’s decision will enable over 6,000 DIFC firms to use these stablecoins for payments and treasury functions legally
DFSA
DFSA-regulated entities jump 31% in 2024 to go past the 900 mark
The DFSA authorised 946 individuals and 17 Designated Non-Financial Business or Professional corporate services providers during the year
DFSA
ASB Capital commences operations in Dubai, aims to bridge regional and global markets
The firm said it will offer a diverse portfolio of wealth and asset management solutions, including public markets, private markets, and investment banking
DFSA
Dubai regulator imposes $2.5mn in fines in financial services crackdown
The DFSA finalised eight enforcement actions and issued 24 alerts in 2024
DFSA
Dubai watchdog DFSA slaps $100,000 fine on marketing firm for misleading financial promotions in DIFC
The regulator imposed a fine of $100,000 (AED367,000) on Vedas Marketing for two violations
DFSA
Dubai watchdog DFSA imposes almost $1mn combined fine on OCS International Finance and its CEO, citing regulatory breaches
The DFSA fined OCS $720,905 (AED2,645,721) and Thurner $186,003 (AED682,631) after applying a 30 percent settlement discount
DFSA
Ripple secures in-principle approval from DFSA to expand cross-border payment services in UAE
Ripple becomes the first blockchain-enabled payment services provider to be licensed by the DFSA
Climate finance
DFSA, HKMA ink pact to deepen strategic partnership on sustainable finance
Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct joint research and events to further drive progress in this crucial area
DFSA
Dubai’s DFSA reports 22% strong growth in first half of 2024
The total number of regulated entities in the Dubai International Financial Centre (DIFC) has reached 837
DFSA
DFSA slaps $980,020 fine on former Mirabaud banker
The regulator found that Georgiou lacked integrity and was unfit to provide financial services in the DIFC
DFSA
Bermuda’s Relm Insurance strengthens MENA presence through B&F Partners acquisition
Following the acquisition, the company has changed its name to Relm Insurance MENA Ltd
Abu Dhabi Global Market
UAE crypto firms welcome ‘stability’ as CBUAE approves stablecoin licensing system
The UAE’s ‘responsive’ regulatory environment for crypto serves as a model for other countries, experts say
DFSA
Dubai’s Fuse secures DIFC license to tap surging digital remittance demand in UAE
The license will enable the company to cater to the growing demand for remitting money into the UAE
Dubai Financial Services Authority
Sheikh Maktoum bin Mohammed appoints 4 new members to Dubai Financial Services Authority’s Board
Robert Ophèle, Andrew Procter, Javan Herberg KC and Sock Koong Chua are the new members