Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA) has implemented amendments to its regulatory framework for digital assets, with immediate effect, streamlining how Virtual Assets are accepted for use within ADGM and refining capital requirements and fees for firms carrying on regulated Virtual Asset activities. The changes follow industry engagement and feedback on Consultation Paper No. 11 of 2024. The amendments revise the process for accepting Virtual Assets as Accepted Virtual Assets, introduce a specific product intervention power in relation to Virtual Assets, and confirm the existing prohibition on privacy tokens and algorithmic stablecoins in ADGM. They also update capital requirements and fees for Authorised Persons conducting Regulated Activities in relation to Virtual Assets and expand the scope of investments in which Venture Capital Funds may invest. The FSRA has updated its guidance on the Regulation of Virtual Asset Activities in ADGM, including further guidance for Virtual Asset firms applying the Accepted Virtual Asset assessment criteria.
ADGM Financial Services Regulatory Authority 2025-06-10
Abu Dhabi Global Market Financial Services Regulatory Authority implements immediate amendments to its digital asset regulatory framework
The Abu Dhabi Global Market Financial Services Regulatory Authority has amended its digital assets framework to streamline Virtual Assets acceptance and refine capital requirements and fees. The changes, effective immediately, introduce a product intervention power, confirm prohibitions on privacy tokens and algorithmic stablecoins, and expand investment scopes for Venture Capital Funds. Updated guidance on Virtual Asset regulation and assessment criteria has also been issued.