Abu Dhabi launches cryptoasset regulatory framework

The Abu Dhabi Global Market (ADGM) has launched a comprehensive framework to regulate spot cryptoasset activities (the Framework), as set out in a guidance note released in June 2018 following public consultation.

This Framework includes coverage of those activities undertaken by cryptocurrency exchanges, custodians, and other intermediaries located in the ADGM.

The objective of the ADGM is to address the potential risks associated with cryptoasset activities – including risks relating to money laundering and compliance with measures against financial crime and counter-terrorism financing, as well as principles of consumer protection, technology governance, and exchange operations.

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