UAE (ADGM)2023

FSRA Virtual Asset Framework

FSRA VA Framework

The Financial Services Regulatory Authority (FSRA) of ADGM operates one of the GCC's most developed virtual asset regulatory frameworks. Originally launched in 2018 and substantially updated in 2023, the framework regulates crypto asset activities within ADGM's financial free zone, including exchange, custody, asset management, and lending. It is aligned with IOSCO principles and FATF recommendations.

Ask GCC LexAI about FSRA VA Framework →UAE (ADGM) virtual assets →

Key Requirements

Obtain an FSRA licence for the specific virtual asset activity (e.g., MTF Operator, Custodian, Broker-Dealer)
Meet minimum capital and liquidity requirements for the relevant licence category
Implement FATF-compliant AML/CFT policies including customer due diligence and Travel Rule compliance
Segregate client virtual assets and funds from company assets at all times
Comply with FSRA's market conduct, disclosure, and token offering rules
Report material events, breaches, and suspicious transactions to the FSRA

Applies to

Entities conducting regulated virtual asset activities within the Abu Dhabi Global Market (ADGM) financial free zone.

Issued by:FSRA ← UAE overview

Related Documents (3)

guidance2025

FSRA Consultation Paper No. 10 of 2025 — Proposed Framework for the Staking of Virtual Assets

FSRA Consultation Paper No. 10 of 2025 outlines a proposed regulatory framework for the staking of Virtual Assets (VAs) within Abu Dhabi Global Market (ADGM). The paper seeks public comment on the proposed regulations and requirements for Authorized Persons involved in staking activities. It builds upon previous consultations and industry feedback.

Virtual AssetsStakingFinancial RegulationAbu Dhabi Global Market (ADGM)

guidance2024

FSRA Consultation Paper No. 11 of 2024 — Proposed Amendments to the Digital Asset Regulatory Framework

FSRA Consultation Paper No. 11 of 2024 outlines proposed amendments to the digital asset regulatory framework in Abu Dhabi Global Market (ADGM). It seeks public comment on revisions to the Virtual Asset (VA) framework, criteria for accepting Fiat-Referenced Tokens (FRTs), and expanding investment scope for Venture Capital Funds (VC Funds). The aim is to refine and update regulations for VA activities within ADGM.

digital assetsvirtual assetsventure capitalfinancial regulation

guidance

FSRA Guidance — Regulation of Virtual Asset Activities in ADGM

This FSRA guidance outlines the regulatory framework for virtual asset activities within the Abu Dhabi Global Market (ADGM). It details the Financial Services Regulatory Authority's (FSRA) approach to regulating virtual assets, covering authorized persons engaged in regulated activities related to virtual assets. The guidance aims to provide clarity on compliance expectations.

Virtual AssetsAML/CFTTechnology Governance

AI-generated summaries only. This is not legal advice. Arabic originals are legally binding where applicable. · ← Glossary