Regulatory Alerts2025-06-06
Guidance on Regulation of Virtual Asset Activities in ADGM
The Financial Services Regulatory Authority of the Abu Dhabi Global Market issues this guidance to establish a comprehensive regulatory framework for Virtual Asset activities, requiring authorized persons and multilateral trading facilities to obtain approval and comply with designated rules. The framework mandates strict adherence to anti-money laundering standards, capital requirements, technology governance, and consumer protection measures while explicitly prohibiting privacy tokens and algorithmic stablecoins from regulated operations. It delineates approved virtual assets and fiat-referenced tokens, outlines custody and market abuse obligations, and provides a clear application process for entities conducting dealing, advising, asset management, or custody services within the jurisdiction.