The financial regulator FSRA of Abu Dhabi Global Market free economic zone (AGDM), Monday, published five Crypto guiding principles on its website. The Financial Services Regulatory Authority’s (FSRA) outlook was friendly toward the crypto space and the principles mainly pledged compliance with global standards of Anti-Money Laundering (AML) and combatting financial terrorism. While broad in outlook, the principles are very specific when it comes to Abu Dhabi. As per the principles, the AGDM legislation will be based on English Common Law, the regulator, registrer, and the court will function independently and a regulatory committee will be appointed for supervision.
