TechFlow news — In an exclusive interview, CEO of Dubai Financial Services Authority (DFSA), Ian Johnston, said: "Regarding cryptocurrencies, we initially took a relatively conservative approach. Now we are exploring whether to slightly relax our stance, but I'm satisfied that we started conservatively.
Moreover, one key difference with cryptocurrencies is that there are currently no international standards. For banking, insurance, or securities, international regulatory standards have been established over many years. But in the field of cryptocurrencies, such global standards do not yet exist, although they are currently being developed. However, jurisdictions that have chosen to regulate this space—such as Hong Kong and Dubai—are already ahead of these emerging standards.
As a regulator, I understand that leading regulatory authorities like those in Hong Kong, Dubai, and Singapore will adopt these forthcoming standards, which will make the market more consistent and stable compared to the past."
