Abu Dhabi plans to regulate cryptocurrency exchanges

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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.

  • 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
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