The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published its ‘Guidance for Digital Securities activities in ADGM’ to support development of digital assets under a comprehensive and progressive regulatory framework. As part of its holistic approach to the regulation of digital assets, the new Digital Securities Guidance provides clarity and transparency to market participants seeking to conduct digital asset activities within ADGM. This publication complements ADGM’s ‘Guidance on Initial Coin/Token Offerings and Crypto Assets’ that was launched in October 2017, and the implementation of ADGM’s Crypto Asset Regulatory framework in June 2018. H.E Ahmed Ali Al Sayegh, Minister of State (UAE) and Executive Chairman of ADGM, stated, “It is important that we continue to stay ahead of the curve, as a progressive nation and economy, by responding to the dynamic needs of our local environment and anticipating the developments and impact of the global marketplace. As an International Finance Centre, ADGM has been actively playing a strategic role in creating new financial opportunities and initiating unique business propositions that benefit our local businesses and global partners. ADGM’s comprehensive digital asset platform is evident of its innovative and progressive practice on regulations, legislative framework and business engagement.”
Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)unlock-bc.com
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