Oman VASP registration regime under CMA 2023 instructions; AML/CFT compliance mandatory
The Capital Market Authority (CMA) of Oman mandates that all Virtual Asset Service Providers (VASPs) register with the regulator to operate legally within the jurisdiction. This framework, established in June 2023, integrates digital asset activities into the existing financial regulatory structure.
Providers are required to comply with strict Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) standards as part of the registration process. The CMA has issued binding instructions requiring existing providers to align their operations with these new requirements within a specified transition period.
The regulatory approach emphasizes transparency and financial integrity, positioning Oman as a jurisdiction seeking to formalize the digital asset sector under established supervisory oversight rather than banning or leaving it unregulated.
Capital Market Authority (CMA)
Primary supervisor for VASP registration and AML/CFT compliance oversight
[1]Instructions on Registration of Virtual Asset Service Providers and AML/CFT Requirements (2023)
Binding instructions mandating VASP registration and adherence to AML/CFT standards
[1]VASP Registration
Mandatory registration for all virtual asset service providers to operate in Oman Timeline: Existing providers required to align operations within a specified transition period from June 2023
[1]Operations are restricted to entities that have successfully registered with the CMA and comply with AML/CFT requirements
[1]Regulatory direction favors formalization and integration of digital assets into the mainstream financial system under strict compliance
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