As the crypto industry continues to gain mainstream acceptance and adoption, regulators worldwide are grappling with how to address the unique challenges posed by this rapidly evolving sector. While some jurisdictions have embraced cryptocurrencies and blockchain technology to promote innovation and economic growth, others remain skeptical and have taken a more cautious approach to regulation.
Against this backdrop, according to a Bloomberg report, the Dubai Financial Services Authority (DFSA) has voiced its concerns about the global regulatory gaps in the market.
The DFSA has warned that bad actors are “exploiting” these regulatory blind spots across the world and has called for greater coordination among regulators to prevent these activities, according to a recent Bloomberg report.
Global Regulatory “Gaps” Under Fire
According to Elisabeth Wallace, an associate director at the DFSA, bad…
