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Oman Seeks Public Comments on Proposed Virtual Asset Regulations!

August 4, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Creator: Mustafa Mulla Aug 4, 2023 20:19

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

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The Capital Market Authority of Oman is searching for public feedback on its proposed regulatory framework for digital property, which incorporates cryptocurrencies. The regulator is drafting a complete regime for the sector that covers enterprise necessities and market abuse prevention. The proposal contains 26 questions regarding regulatory and licensing necessities for digital asset service suppliers, company governance, threat administration, and digital asset issuance. The framework will cowl utility tokens, safety tokens, fiat-backed and asset-backed stablecoins, and digital currencies that meet the Monetary Motion Process Power’s definition of digital property. 

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