Administrative Decision no. 11 of 2021 concerning Guidance for Crypto Asset Regulations

The Chief Executive Officer of the Securities and Commodities Authority, 

Having perused; 

The Chairman of Authority’s Board of Directors’ Decision No. 23 of 2020 concerning Crypto Assets Activities Regulation;

And as required by the public interest; 

Article 1 - Guidance Approval

The governance notes attached to this decision shall be approved. 

Article 2 - Decision Publication and Application 

The present decision shall be applied from the date of its publication.

Dr Obaid Saif Al-Zaabi 

Chief Executive Officer 

Issued in Abu Dhabi on 17/03/2021 A.D. 

CRYPTO ASSET REGULATIONS EXPLANATORY GUIDE 

1. APPLICATION 

1.1 The Regulation applies to most forms of Crypto Assets whether Securities or otherwise, which are listed and available for trading on an organised market. The Regulation is not intended to capture items regulated by the UAE Central Bank, which, as of the date of this guide apply to stored value facilities and "Payment Token" (which broadly captures stable-coins/tokens backed by fiat currency). 

1.2 Limited disclosure based requirements will apply to Crypto Assets offered...