The new Digital Securities Guidance provides clarity and transparency to market participants seeking to conduct digital asset activities within Abu Dhabi Global Markets.
Sunday 08, September 2019 BY KUDAKWASHE MUZORIWA
The Financial Services Regulatory Authority (FSRA) of the ADGM has published its Guidance for Digital Securities activities in the ADGM to support development of digital assets under a comprehensive and progressive regulatory framework
The ADGM stated that the publication complements the regulator’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.
HE Ahmed Ali Al Sayegh, Minister of State (UAE) and Executive Chairman of ADGM, said, “ADGM’s comprehensive digital asset platform is evident of its innovative and progressive practise on regulations, legislative framework and business engagement.”
“The FSRA’s Guidance on Digital Securities provides technologically advanced industry players with the transparency and certainty required to effectively operate in a best-in-class regulatory environment,” said Richard Teng, the Chief Executive Officer, FSRA of ADGM.