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Abu Dhabi Global Market Issues Regulations on Distributed Ledger Technology Foundations

Recognising new realities in decentralisation, the regulations aim to provide market players with governance flexibility within distributed ledger technology foundations. On 2 October 2023, the Board of Directors of Abu...more

DIFC Proposes to Amend Data Protection Rules to Regulate Use of AI

The Dubai International Financial Centre urges companies to protect personal data when using artificial intelligence. On 18 April 2023, the Dubai International Financial Centre (DIFC), a financial free zone with its own...more

Dubai Virtual Assets Regulation Authority Enacts New Regime to Regulate Virtual Assets

The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai. On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted...more

Dubai Financial Services Authority Issues New Regime to Regulate Crypto Tokens

The regime introduces rules on various crypto tokens, including cryptocurrencies and stablecoins, in the Dubai International Financial Centre. On November 1, 2022, the Dubai Financial Services Authority (DFSA) crypto...more

New Data Protection Law in the DIFC: Who does it apply to and how does it compare with the GDPR?

The Dubai International Financial Centre (DIFC) has a new data protection law and regulations: the Data Protection Law DIFC Law No. 5 of 2020 (DIFC DP Law) and the Data Protection Regulations (DIFC DP Regulations, and...more

DIFC Issues New Direct Marketing and Electronic Communications Guidelines

The DIFC guidelines provide practical guidance for DIFC-registered entities engaging in electronic direct marketing, including useful “dos” and “don’ts”. What Do DIFC-Registered Entities Need to Know? In January 2019,...more

DIFC in Dubai Says Transfer to US Cannot Rely on Safe Harbor

On October 26, 2015, Raja Al Mazrouei, the Commissioner for Data Protection for the Dubai International Financial Centre (the DIFC), issued guidance on the adequacy of US Safe Harbor for the purpose of exporting personal data...more

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