Abu Dhabi Regulator Proposes Regulatory Framework for Crypto Asset Markets

[kreslik.news]

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) on Monday published a regulatory consultation paper on cryptocurrencies. The UAE-based financial body claims its proposed regulation, which it has termed the ‘Spot Crypto Asset Framework’, will address the new risks posed by cryptocurrency trading.

The FSRA’s proposed regulation will attempt to address a range of issues that it claims have arisen solely over the past ten years with the growth of the cryptocurrency industry. In its consultation paper, the regulatory body claims that new regulation will also aim to untangle cryptocurrencies from current regulation that was designed ... (read more)