ADGM to regulate fiat-referenced tokens for payment in UAE

The UAE’s Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published consultation paper No. 7 of 2024, containing proposals to enhance its regulatory framework to allow the issuance of fiat-referenced tokens (FRTs) from the ADGM and invites the public feedback and comments on the proposals. As per the announcement, FRTs are […] source: https://www.cryptopolitan.com/adgm-to-regulate-fiat-referenced-tokens/