September 2022
1.1 As a progressive regulator, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) recognises the transformative power of the virtual asset (VA) industry and its potential to facilitate access to innovative financial services. In response, we created the world's first bespoke and comprehensive regulatory framework designed for virtual asset activities in 2018. It stands distinct from our other publications covering Digital Assets more broadly which, in addition to VAs, includes the digitalisation of financial services and capital markets, including in relation to Digital Securities.
2.1 The FSRA has considered the comments and views expressed to date by international standard setters on both VAs and the future of the industry. As the design of regulatory standards in this area continue, we have developed these Guiding Principles to support engagement with other like-minded regulatory agencies in the UAE, across the region and glob...