Abu Dhabi rolls out draft recommendations for NFT trading
The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens. Abu Dhabi Global Market (ADGM), the emirate’s free zone, published a consultation paper on March 21 titled “Proposals for enhancements to capital markets and virtual assets in ADGM.” The document contains draft guidelines that, among other asset classes, cover nonfungible token (NFT) trading. The paper proposes that companies with a license from the free zone’s financial regulator be allowed to facilitate NFT trading.Along with sections dedicated to traditional financial instruments,....
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