Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / News / Local News
Local News

ADGM Updates Guide On Crypto Asset Activity Regulations
(14 May 2019)


The Financial Services Regulatory Authority, FSRA, of the Abu Dhabi Global Market, ADGM, has updated its "Guidance for the Regulation of Crypto Asset Activities", the second edition to the initial guide published on 25th June, 2018.

The updated guide reinforces the FSRA’s focus and commitment as a financial services regulator to support innovation and maintain rigorous regulatory practices. It includes key updates in a number of areas to take into account recent global developments, including Stablecoins/Fiat Tokens, further clarity on the types of crypto asset custody activities that can be undertaken, technology governance, and FSRA Anti-Money Laundering and Sanctions Rules and Guidance.

Richard Teng, FSRA Chief Executive Officer, said, "The enhanced guidance is a response to the rapidly changing technologies and crypto asset activities that we see operating globally. From our constant engagement with international stakeholders, the enhanced guidance sets out our active approach towards the regulation and supervision of crypto asset activities, underlining the ADGM as the market of choice for crypto asset growth and development. We welcome the engagement and support of firms establishing their operations within the ADGM, which are looking to achieve their own growth and success."

Under its crypto asset framework, the FSRA regulates entities operating crypto asset businesses, including activities undertaken by crypto asset exchanges, custodians and other intermediaries. The FSRA is preparing another guidance on digital securities for primary and secondary market consideration.

We accept Guest Posts

Download the Dubai City Guide iPhone mobile app is owned and managed by Cyber Gear

advertisement info

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image


email print

News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
ADCG at a glance