According to the official UAE news agency WAM, the Dubai International Financial Centre (DIFC) independent financial regulator, the Dubai Financial Services Authority (DFSA), has implemented an updated cryptocurrency regulatory framework. The new regulation shifts the suitability assessment of cryptocurrencies from being led by the DFSA to the responsibility of the companies themselves. Relevant companies are required to determine, with sufficient justification and documented evidence, whether the cryptocurrencies they deal with meet DFSA standards. The DFSA will no longer publish a list of "approved cryptocurrencies." The new framework also enhances investor protection and refines the conduct, operational, and reporting requirements related to trading, asset management, custody, and advisory services.