Dubai FSA issues Consultation paper proposing major updates to its crypto-token framework, shifting suitability checks to firms and removing fund investment caps – feedback due by 31 Oct 25

The consultation paper proposes to shift from a regulator-recognised list of crypto-tokens to a model where firms must assess and document the suitability of tokens themselves – excluding fiat stablecoins, which remain subject to explicit DFSA approval. It also introduces monthly reporting obligations, removes certain jurisdictional barriers, relaxes fund-investor thresholds, and updates custody/disclosure rules to align with evolving…