Abu Dhabi wants to open its eyes wide with its digital currency guide

A “one size fits all” approach for virtual tokens is “inappropriate”

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has defined its approach to Initial Coin Offerings (ICOs) and virtual currencies under the Financial Services and Markets Regulations (FSMR).

It cites the commonplace that distributed ledger technology (DLT) has “extraordinarily widespread application to financial services and markets as a whole,” but that a “one size fits all …

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