Abu Dhabi plans to regulate cryptocurrency exchanges

Home » REGULATIONS » Abu Dhabi plans to regulate cryptocurrency exchanges
2018-02-12
Abu Dhabi plans to regulate cryptocurrency exchanges

The Abu Dhabi Financial Services Authority (FSRA) within the Emirates Global Markets Department (ADGM) announced its intention “to consider the possibility of creating a reliable, risk-appropriate regulatory framework for regulating and controlling the activities of crypto-exchange exchanges and various intermediaries.”
FSRA is concerned about the potential use of cryptocurrency for money laundering and terrorist financing. At the same time, the department believes that the crypto-exchange markets cause increased interest on the part of cybercriminals. In this regard, the sites for trading in digital currencies will be obliged to comply with AML / KYC legislation.

In addition, the regulator will consult with industry representatives and relevant specialists in advance.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,083.34
  • ethereumEthereum$163.03
  • rippleXRP$0.321301
  • tetherTether$1.00
  • eosEOS$5.39
  • stellarStellar$0.112506
  • litecoinLitecoin$78.79
  • cardanoCardano$0.081990
  • tronTRON$0.026498
  • moneroMonero$64.71
  • iotaIOTA$0.311927
  • nemNEM$0.065603
  • dashDash$119.30
  • neoNEO$10.76
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 49
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 45
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 43
© 2017–2018