Oman's evolving approach to virtual assets and cryptocurrencies — current regulatory status under the Capital Market Authority (CMA) and Central Bank of Oman, and Oman's plans for a virtual asset licensing framework.
Ask GCC LexAI about Virtual Assets →Oman's regulatory framework for virtual assets is evolving. The Capital Market Authority (CMA) of Oman has signalled its intent to issue a comprehensive virtual asset regulatory framework, and the Central Bank of Oman (CBO) has issued cautionary guidance on speculative cryptocurrency trading.
As of 2024, Oman's CMA has been developing a dedicated virtual assets law. The framework is expected to cover VASP licensing, anti-money laundering requirements, and consumer protection for digital asset services — bringing Oman in line with other GCC jurisdictions.
Entities seeking to offer virtual asset services in Oman should monitor CMA regulatory announcements. Currently, unauthorised crypto activities may fall under existing securities or AML laws. The CBO's sandbox has tested some digital asset concepts in a controlled environment.