About Abu Dhabi Global Market

One of the world’s premier International Financial Centres in the capital of the UAE

About Abu Dhabi Global Market

New Hub for Blockchain Innovation and Development

Abu Dhabi Global Market is an award-winning international financial center, strategically located in the capital of the United Arab Emirates.

  • Established by UAE Federal Decree, ADGM’s jurisdiction extends across the entire 114 hectares of Al Maryah Island.
  • ADGM's three independent authorities - the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts - together ensure that its business-friendly environment operates in line with international best practices, recognised by major financial centers worldwide.
  • Since opening for business in late October 2015, ADGM quickly gained global recognition for its robust, progressive and responsive business-friendly ecosystem. Through collaboration, and by focusing on understanding business needs, ADGM introduced many ‘firsts’ both regionally and globally. As a catalyst of growth, ADGM delivers value to its clients and its peers and contributes to Abu Dhabi's ambitious growth plan and strategy.

To be one of the leading international financial centers.

To promote economic and financial sector growth through a world-class innovative financial center.

The new ADGM crypto framework instils proper governance, oversight and transparency over crypto asset activities
25 June 2018, Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the International Financial Center in Abu Dhabi, has today launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. This follows the successful completion of a public consultation on the introduction of a robust crypto asset regulatory framework by ADGM Financial Services Regulatory Authority (FSRA) on 28 May 2018.

The framework is designed to address the full range of risks associated with crypto asset activities, including risks relating to money laundering and financial crime, consumer protection, technology governance, custody and exchange operations. This new framework is one of ADGM's many efforts and part of its ongoing commitment to bolster the economic diversification of Abu Dhabi through innovation and sustainable initiatives.

Feedback to the public consultation has been very positive, with local and global respondents highlighting the comprehensive nature of the proposed regulatory framework. Taking into account constructive comments from these respondents, several refinements have been made to the regulatory framework, with a key change being the implementation of the Daily Value Trading Levy imposed on Crypto Asset Exchanges on a sliding scale basis.

Mr. Richard Teng, Chief Executive Officer, FSRA of ADGM, said: "We are encouraged by the significant global and regional interest from exchanges, custodians, intermediaries and other institutions to our crypto spot regulatory framework. Globally, responsible crypto asset players are seeking a regulatory regime upholding high standards that foster market confidence. By introducing a comprehensive and best-in-class regulatory framework, the FSRA is taking a leading role in instilling proper governance, oversight and transparency over crypto asset activities, positioning ADGM as a destination of choice for crypto asset players. Our engagement with fellow global regulators also validated our position that the key risks highlighted have to be addressed for crypto assets to be more widely accepted and institutionalised."

The FSRA today also published its 'Guidance - Regulation of Crypto Asset Activities in ADGM' and application form for interested applicants to operate a crypto asset business within ADGM. The Guidance elaborates on ADGM's approach towards the regulation of crypto asset activities and is a useful resource for interested applicants. To access the Guidance, Application Form and FSRA's Regulations and Rules, please click on the links below:

ADGM Enhances Guidance on Regulation of Crypto Asset Activities

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has enhanced its “Guidance for the Regulation of Crypto Asset Activities”. This is the second edition of the initial guidance published in June 2018. ADGM launched the region’s first comprehensive crypto asset regulatory framework on 25 June 2018 and has since continued to actively engage with local and international market participants on various fronts to stay abreast of developments in the crypto asset space. To access the Guidance, Application Form and FSRA's Regulations and Rules, please click on the links below:

The updated Guidance reinforces FSRA’s focus and commitment as a financial services regulator to support innovation and maintain rigorous regulatory practice. It includes key updates in a number of areas to take into account recent global developments. Some of the details are as follows:-

Stablecoins/Fiat Tokens:
Stablecoins that are fully backed by fiat currencies (Fiat Tokens) will be treated as a form of digital representation of money. Where used as a payment instrument for the purposes of Money Transmission as defined under the ADGM’s Financial Services and Markets Regulations 2015 (FSMR), the activity will be licensed and regulated as Providing Money Services. The Guidance also sets out the FSRA’s approach to regulating issuers, custodians and exchanges using Fiat Tokens.

Custody: Further clarity on the types of crypto asset custody activities that can be undertaken, and setting out FSRA expectations in terms of custody governance and operations.

FSRA Anti-Money Laundering and Sanctions Rules and Guidance (AML): As the AML Rulebook applies in full to the regulated activity of crypto asset operators/holders, the Guidance has been updated with the latest local and global changes, and provides further clarity on the use of new regulatory and surveillance technologies in this space.

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