The Dubai Financial Services Authority (DFSA) has announced updates to its cryptocurrency token regulations within the Dubai International Financial Centre (DIFC), aiming to enhance the regulatory framework for tokens. The amendments, following Consultation Paper 153 released in January 2024, address various aspects, including the ability of both external and domestic funds to invest in crypto tokens, as well as the recognition process for tokens. Notable changes include the reduction of token recognition fees from $10,000 to $5,000 per token and the introduction of additional criteria for stablecoins, which are crypto tokens pegged to fiat currencies. DFSA Chief Executive Ian Johnston emphasised the regulator's commitment to fostering innovation while ensuring responsible and transparent practices, aligning with global standards and market developments. These updates reflect insights gained from engagement with over 100 firms seeking licensing, regulatory needs, and recommendations from international standard setters.