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<ul><li>There is a need for crypto regulators across the world to talk to each other.</li><li>Communication among regulators will check bad actors from exploiting regulatory gaps.</li><li>Several crypto businesses hide under one umbrella to operate a number of activities.</li></ul>There is a need for crypto regulators across the world to talk to each other as it would help to check bad actors from exploiting regulatory gaps, according to Elisabeth Wallace, Associate Director, Policy and Strategy, <a href="https://www.dfsa.ae/" rel="noopener noreferrer nofollow">Dubai Financial Services Authority (DFSA)</a>.There are plans in place by the DFSA to update its rules on crypto tokens and related operations in the region. In line with that, Wallace has urged other regulators to foster bilateral communications. She believes regulators from different jurisdictions could synchronize their rules by talking to each other or find ways to plug the gaps currently exploited by some practitioners in the industry.<a href="https://coinedition.com/dubai-regulator-warns-on-crypto-jurisdictional-regulatory-gaps/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Dubai Regulator Warns on Crypto Jurisdictional Regulatory Gaps

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