According to Jacques Visser, the Legal Counsel of the Dubai International Financial Center (DIFC), the Dubai Financial Services Authority (DFSA) is not only launching a digital asset law, but also focusing on cross-border regulation. Dubai is the first jurisdiction to propose a "basic principle statement defining what digital assets are", and continues to seek extensive consultation globally to address cross-border regulation of virtual assets in accordance with international standards. Currently, the DFSA is carefully studying a three-year digital asset plan by The Law Commission in the UK. Ken Coghill, the Director of Innovation and Technology Risk Regulation at the DFSA, stated that Dubai's regulatory authorities will listen to and refer to industry opinions, examine existing regulations, promote regulatory progress, and establish more effective regulations that are more in line with reality.

Lan Johnston, CEO of Dubai Financial Services Authority, said in an interview: "We initially took a relatively conservative attitude towards cryptocurrency. Now we are studying whether to relax it slightly, but I am satisfied with our relatively conservative start." In addition, one difference of cryptocurrency is that there is currently no international standard. While international standards have been established for the regulation of banks, insurance, or securities over the years, there is currently no such international standard in the field of cryptocurrency, although relevant standards are being developed. However, the regulatory agencies that have already chosen to regulate this field, such as Hong Kong and Dubai's regulatory agencies, are already ahead of these standards. As a regulatory agency, I understand that excellent regulatory agencies such as Hong Kong, Dubai, and Singapore will adopt these standards, which will make the market more consistent and stable compared to the past."

The Dubai Financial Services Authority (DFSA) has added XRP and Toncoin to its list of recognized tokens, allowing financial institutions in the Dubai International Financial Centre (DIFC) to carry out transactions with them. Ripple, which opened its MENA headquarters in the DIFC in 2020, has praised the move, with CEO Brad Garlinghouse saying it positions Dubai as a leading financial services hub. The DFSA regulates the DIFC alone and has recently instituted regulations on cryptocurrency, with a proposed Digital Assets Law currently in consultation. Dubai's regulators have consistently demonstrated a pro-innovation approach, with the Abu Dhabi Global Market also passing Distributed Ledger Technology (DLT) Foundations Regulations.