Middle East

Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

The head of the financial regulator of the United Arab Emirates (UAE) capital Abu Dhabi wants “proper” international regulation of cryptocurrency, local news outlet The National reports .

Speaking during an interview at this week’s Fintech Abu Dhabi event, Richard Teng, head of the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), claimed that loss and theft of cryptocurrency negatively impacts its image as an asset.

“This space needs to be properly regulated, otherwise there is the risk of financial crime." 

READ THE ARTICLE by cointelegraph