In today's statement, the Dubai Financial Services Authority (DFSA) joined the latest markets regulator to urge caution to prospective investors. This is reported by the CoinDesk.
It worth noting that the DFSA reported that it "does not currently regulate these types of product offerings" or give licenses to companies within the Dubai International Financial Centre – a special economic zone within Dubai that the DFSA oversees – that offer such products or services.
The DFSA wishes to highlight that these types of product offerings, and the systems and technology that support them, are complex. They have their own unique risks, which may not be easy to identify or understand; such risks may increase where offerings are made on a cross-border basis. These offerings should be regarded as high-risk investments.
The DFSA announcement
There is no information about any further steps of DFSA about regulation of any kind related activity inside the economic zone.
The latest statement only focus on the risk to possible investors, and do not offer any insight into whether the agency believes ICO tokens may be securities, a finding which would put its guidance in line with other regulators internationally.