Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper – Regulation Bitcoin News

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Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper – Regulation Bitcoin News
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The discussion paper contains the regulatory arm’s so-called 'high-level policy positions on how the FSRA might consider regulating DeFi.' defi fsra regulation

The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market , has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance . The paper also makes clear the regulator’s stance regarding the anonymity of defi transactions.The FSRA, a regulatory arm of the UAE financial centre ADGM, has issued a discussion paper that seeks the public’s comments on policy considerations for decentralized finance .

In addition, the discussion paper contains the regulatory arm’s so-called “high-level policy positions on how the FSRA might consider regulating Defi.” The document also describes what a future regulatory framework for defi will look like.In his remarks following the launch of the paper, Emmanuel Givanakis, CEO of the FSRA said:

Givanakis added the contributions made by stakeholders will help the regulator make informed policy choices which in turn address the risks involved with decentralized finance.

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