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In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets.

As the Dubai Financial Services Authority (DFSA) ushers in a new era of more intrusive supervision in the DIFC, the on-site visit is proving to be one of its more frequently used supervisory tools. When a Firm is notified about its "periodic risk assessment", a significant amount of documentation will be requested in advance of the DFSA on-site visit at which the DFSA will expect access to all relevant employees and files.