#Financial Services Regulatory Authority
The bank had set up a legal entity in ADGM in 2021, but has had a physical presence in the UAE for more than a decade
The changes, first proposed in March, received a significant and supportive response from the industry and wider stakeholders
The principles aim to support FSRA’s collaboration with other regulators and inform the wider public of how it responds to underlying risks in the sector
ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks
In a first for a full-service digital asset bank in the UAE, it received a nod from the Abu Dhabi Global Market Financial Services Regulatory Authority