Regulatory Alerts2024-11-06
Guidance on the Regulation of Virtual Asset Activities in ADGM
The Financial Services Regulatory Authority of the Abu Dhabi Global Market issues this guidance to define the regulatory treatment of Virtual Assets under the Financial Services and Markets Regulations 2015. The document classifies digital assets into distinct categories, treating Digital Securities as regulated investments while categorizing Virtual Assets and Utility Tokens as commodities subject to specific licensing requirements for market intermediaries. It further mandates that Authorized Persons conducting regulated activities in relation to Virtual Assets must comply with all applicable rules, including those governing misleading statements and appropriate communication standards.
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