Regulatory Alerts2023-04-10
Distributed Ledger Technology Foundations Regulations 2023
The Board of Directors of the Abu Dhabi Global Market enacted the DLT Foundations Regulations 2023 to establish a legal framework for foundations facilitating distributed ledger technology and token issuance. These regulations define the requirements for registration, governance, and ongoing compliance, including mandates for Company Service Providers and specific obligations regarding beneficial ownership disclosure. The framework grants DLT Foundations separate legal personality while imposing strict liability and fines for non-compliance with licensing and reporting duties.
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