Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation ...
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA, must be “viewed as a complement to the comprehensive detail of our published framework.” A ‘Basis for Regulatory Cohesion Across Jurisdictions’ Abu Dhabi Global Market (ADGM), a financial center and global free zone based in the United Arab Emirates (UAE),....
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The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator Seeks to Amend Requirements for Public Keys A regulator in the Abu Dhabi Global Market (ADGM) — a financial centre and free zone located in the UAE — has unveiled a consultation paper proposing amendments to the regulatory framework that governs the use of virtual assets. The paper....
Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency,” the regulator explained.
Kraken Establishes Middle East Headquarters
Abu Dhabi Global Market (ADGM) announced Monday that cryptocurrency exchange Kraken has become “the first global virtual assets exchange group in the UAE to receive a full financial license from....
The in-principle approval from the Abu Dhabi Global Market allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies. Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai. The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which....
The Middle East has risen to prominence as a favored location for cryptocurrency exchanges, with Kraken becoming the latest to be granted a license by the Abu Dhabi Global Market (ADGM). Kraken is the first worldwide virtual asset exchange group to get a complete financial license from the ADGM in the United Arab Emirates, the […]
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,....