Abu Dhabi releases, as per recent reports, a new regulatory framework for crypto-assets:
New Crypto Framework Explained
The FSRA has also published a 34-page guide for the regulation of crypto asset activities in ADGM. The document explains the regulatory framework for crypto assets including the requirements for operating a crypto asset business, exchange or custodian.
“Applicants that qualify for authorization under the Spot Crypto Asset Framework will be granted an FSP [Financial Services Permission] to carry on the regulated activity of OCAB [Operating a Crypto Asset Business],” the document describes. According to the Spot Crypto Asset Framework: