Regulatory Alerts2018-01-01
Consultation Paper No. 2 of 2018 – Introduction of Crypto Asset Regulatory Framework in ADGM
The Abu Dhabi Global Market and its Financial Services Regulatory Authority propose a comprehensive regulatory framework for spot crypto asset activities, introducing a new Regulated Activity for Operating a Crypto Asset Business. The framework mandates licensing for exchanges, custodians, and intermediaries while imposing strict requirements on consumer protection, technology governance, and AML/CTF compliance. Additionally, the proposal establishes a risk-based fee structure and defines criteria for accepted crypto assets to ensure market integrity and mitigate systemic risks.
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