Clifford Chance
Crypto-trading in the Abu Dhabi Global Market
28 June 2018
On 25 June 2018, the Abu Dhabi Global Market (ADGM) published its rules and accompanying guidance for a crypto business regulatory framework. The exciting new regime will permit firms to apply for a license to operate a "crypto asset business" in the ADGM, including broker-dealer activities, operating an exchange and acting as a crypto asset custodian, but in each case in respect of the most well-established and traded crypto-currencies. The new regime presents a market leading set of regulations designed to be in tune with how crypto firms operate, but recognising the key risks posed to investors and the financial system.
