DIFC Crypto License: What to Expect?

Crypto companies applying to start a crypto business in DIFC should be compliant with the Crypto Token Regime laid out by the DFSA. New entrepreneurs will be applicable to follow the regime since its introduction from November 1, 2022. However, for already existing license holders, i.e., those who provide crypto token related services, they get a 6-month window of transition to submit their crypto token recognition applications for assessment by the DFSA.

The United Arab Emirates is well on its way to becoming a global leader for digital and virtual assets. And the Crypto Token Regime is among the latest evolutions made in the UAE to cement its position as the nexus for the next Industrial Revolution. Crypto companies that want to make UAE their base of operations can seek out the services of trusted corporate consultancies like Shuraa Business Setup to get the correct guidance for their business.

Our corporate consultants will help you decide which will be the best jurisdiction for your business model as well as depending on the activities you wish to conduct.

List of Virtual Asset Service Provider

Activities that the Crypto Token Regime covers:

Dealing as either principal or agent for recognised virtual assets

Managing clients’ virtual assets

Dealing in virtual asset investments

Virtual assets trading/providing trading platforms and exchanges

Marketing virtual assets

Custody provisions for virtual assets

Sales advisory for buying & selling if virtual assets