Bitcoin Regulation: Abu Dhabi Financial Regulator Considers Cryptocurrency Framework

Bitcoin Regulation: Abu Dhabi Financial Regulator Considers Cryptocurrency Framework

https://www.ccn.com/bitcoin-regulation-abu-dhabi-financial-regulator-considers-cryptocurrency-framework/
Bitcoin Regulation: Abu Dhabi Financial Regulator Considers Cryptocurrency Framework
The regulator for Abu Dhabi’s international financial center is considering embracive regulations for the cryptocurrency industry, a move that could see exchanges and intermediaries move into the financial zone. In an announcement on Sunday, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market said it is currently reviewing the development of a regulatory framework with industry firms and relevant authorities. If established, the regulatory move would establish the international financial sector as friendlier shores for cryptocurrency exchanges and firms.

The regulator said it is: “Reviewing and considering the development of a robust, risk-appropriate regulatory framework to regulate and supervise activities of virtual currency exchanges and intermediaries. In considering such a framework, the FSRA intends to consult and work closely with industry participants and relevant professional bodies.”

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