ADGM: FSRA Proposes Amendments To Its Digital Asset Regulatory Framework
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has released Consultation Paper No. 11/2024, outlining proposed changes to its regulatory framework for Authorised Persons engaging in Regulated Activities involving Virtual Assets within ADGM.
The paper aims to gather feedback on these potential modifications.
Key proposed amendments include updates to the acceptance process for Virtual Assets in ADGM, as well as adjustments to capital requirements and associated fees.
The consultation also invites input on various topics, such as staking and other emerging business models related to Virtual Assets.
Additionally, the FSRA seeks opinions on the criteria for accepting non-ADGM issued Fiat-Referenced Tokens within ADGM.
The paper further suggests broadening the range of investments permissible for Venture Capital Funds.
Stakeholders are encouraged to review the consultation materials and submit their feedback by the deadline of 31 January 2025.
The materials are accessible via the provided link.
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