Regulatory Alerts2025-09-09
Financial Services and Markets (Amendment No. _) Regulations 2025
The Board of Directors of the Abu Dhabi Global Market enacted regulations to amend the Financial Services and Markets Regulations 2015, introducing a comprehensive regulatory framework for Virtual Assets, Fiat-Referenced Tokens, and Spot Commodities. The amendments empower the Regulator to prescribe specific requirements for authorized persons, prohibit the trading of algorithmic stablecoins and privacy tokens, and exercise own-initiative powers to issue directions or bans on specific digital assets. Additionally, the document updates definitions for payment services and custody activities to explicitly include these new asset classes within the jurisdiction's legal scope.
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