The Financial Services Regulatory Authority (ARSF) ) Abu Dhabi World Market is preparing a set of regulations for cryptocurrencies. Offers (OIC) and exchange of cryptocurrency, according to an official announcement published Sunday, February 11.

While developing the regulations, the ARSF intends to cooperate with qualified institutions and persons involved in the cryptocurrency industry, according to announcement. The financial regulator has not specified when the regulations should be published.

The ARSF has already issued a warning regarding the risks of ICOs and cryptocurrencies on October 9, 2017, when the financial regulator began to consider

ADGM in the advertisement Recognizes global demand for digital currencies, stating that "virtual currencies, while not legal, acquire global interests as a means of exchanging goods and services."

On February 4, 2018, the UAE (Securities and Commodities Authority) issued a document warning investors, noting that they must assume all the risks associated with the company. 39, investment in digital tokens. is not yet regulated by the UAE.