• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Draft Changes in Virtual Asset Regulation in Abu Dhabi

user avatar

by Giorgi Kostiuk

a year ago

The Abu Dhabi Financial Authority has released a draft of proposed changes to virtual asset regulation for market participant feedback.

Proposed Changes to the Virtual Asset Framework

The FSRA proposes changes to the process of accepting virtual assets for use within ADGM. New obligations for virtual asset firms and prohibitions on algorithmic stablecoins and privacy tokens are discussed.

Discussion Points on the Virtual Asset Framework

Aspects of various business models, including staking and lending/borrowing services, are considered. Changes to fees and capital requirements for firms are discussed.

Permitted Investments for Venture Capital Funds

Proposals allow venture capital funds to invest in virtual assets and various forms of digital tokens. These changes expand diversification options for investment portfolios.

The proposals reflect ADGM's attempt to adapt to the evolving world of virtual assets, supporting sustainable growth and safeguarding market participants.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Impact of US Midterm Elections on Bitcoin Price

chest

Analysis of Bitcoin's performance during US midterm elections and its potential impact on price.

user avatarJesper Sørensen

Bitcoin Price Recovery Amid Geopolitical Tensions

chest

Bitcoin has been on a steady recovery journey over the past few weeks, with several attempts at a sustained break above the 74,000 level, despite ongoing geopolitical tensions.

user avatarRajesh Kumar

Solana Faces Mixed Signals as Price Tightens

chest

Solana's price is showing mixed signals as it tightens beneath key resistance levels, with early signs of momentum weakness emerging.

user avatarFilippo Romano

Emerging Weakness in Solana's Structure Noted

chest

Analysts highlight emerging weakness in Solana's structure, with potential for a broader move lower if key support levels are broken.

user avatarLucas Weissmann

Ripple's Legal Victory Over SEC Confirmed by Token Taxonomy

chest

Ripple's survey comes just as the SEC released a token taxonomy that confirmed XRP is a digital commodity, not a security.

user avatarEmily Carter

Private Crypto Holders Face Significant Losses Due to New Malware

chest

Private crypto holders faced significant losses due to a new iOS malware called Ghostblade, which targets sensitive data and personal information.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.