Abu Dhabi to Consider Creation of “Regulatory Framework” for Bitcoin, Other Digital Currencies

Mon, 02/12/2018 - 22:34
Alex Dovbnya
Cover image via U.Today

Abu Dhabi is considering new regulations on digital currencies, according to the nation’s Financial Services Regulatory Authority (FSRA). The FSRA is “considering the development of a robust, risk-appropriate regulatory framework” which will “supervise activities of virtual currency exchanges and intermediaries.” Abu Dhabi has already begun the process, laying out a broad regulatory approach to ICOs and digital currencies last fall. As in many places, digital currencies will be classified as commodities.

About the author

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy