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The Financial Services Regulatory Authority (FSRA) has announced a new regulatory framework for the issuance of Fiat-Referenced Tokens (FRTs) within the Abu Dhabi Global Market (ADGM). This framework formalises guidelines following feedback on Consultation Paper No. 7 of 2024 and aims to expand the scope of regulated digital assets in the jurisdiction. Follow the link for more details: https://lnkd.in/dS9bTjiz

Great news for the Decentralized Finance (DeFI)! Participants at the BRICS Business Forum test new payment system 'BRICS Pay.' The new payment circuit, leveraging CBDCs and other digital assets seem to open new frontiers for cross-border payments. Are we heading toward the full scale adoption of DLT-based financial applications?

Great news for the Decentralized Finance (DeFI)! Participants at the #BRICS Business Forum test new payment system 'BRICS Pay.' The new payment circuit, leveraging CBDCs and other digital assets seem to open new frontiers for cross-border payments. Are we heading toward the full scale adoption of DLT-based financial applications?

Great news for the Decentralized Finance (DeFI)! Participants at the #BRICS Business Forum test new payment system 'BRICS Pay.' The new payment circuit, leveraging CBDCs and other digital assets seem to open new frontiers for cross-border payments. Are we heading toward the full scale adoption of DLT-based financial applications?

Great news for the Decentralized Finance (DeFI)! Participants at the #BRICS Business Forum test new payment system 'BRICS Pay.' The new payment circuit, leveraging CBDCs and other digital assets seem to open new frontiers for cross-border payments. Are we heading toward the full scale adoption of DLT-based financial applications?

#DigitalFinanceEU | #ESMA published the Final Report under the Markets in Crypto-Assets Regulation #MiCA covering draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by National Competent Authorities → https://lnkd.in/d5AxuX98. In detail 🎯 sustainability indicators for crypto-asset consensus mechanisms 🎯 business continuity measures for crypto-asset service providers (CASPs) 🎯 trade transparency 🎯 content and format of orderbooks and record-keeping by CASPs 🎯 machine readability of white papers and the register of white papers 🎯 public disclosure of inside information

📢 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 𝗘𝗕𝗔 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿. 📌 The European Banking Authority (EBA) has announced a change in the application date for the two sets of Guidelines regarding internal policies, procedures, and controls that Financial Institutions (FI), Crypto-asset service providers (CASPs) and Payment service providers (PSPs) have to follow in order to be compliant with the restrictive measures applied at the EU level. The new date of application is set to the 25th of December 2025. 🔔 The EBA's Guidelines focus on implementing strong controls over the transfer of funds and crypto-assets to ensure compliance with European regulatory standards. These steps are designed to mitigate legal and reputational risks, supporting the stability and integrity of the EU financial landscape. ➡️ "𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿. 𝗧𝘄𝗼 𝘀𝗲𝘁𝘀 𝗼𝗳 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗼𝗻 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝗹 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀, 𝗽𝗿𝗼𝗰𝗲𝗱𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝘀 𝘁𝗼 𝗲𝗻𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗨𝗻𝗶𝗼𝗻 𝗮𝗻𝗱 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗿𝗲𝘀𝘁𝗿𝗶𝗰𝘁𝗶𝘃𝗲 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀". Find out more https://bit.ly/3BrJMLQ Marco Folcia Marcella Di Marcantonio Liviu Chiarita Gianluca Signore Lukas Rut Nicole Grassi Miroslav Kajan Giulia Franco Jiří Hoskovec _ #EBA #FinancialRegulations #Compliance #CryptoRegulation #Fintech #Consultation #FinancialServices  #PwCItaly #PwCAdvisory

The ESMA published the final report under the Markets in Crypto-Assets Regulation covering draft technical standards (#MiCA)📊. It aims to improve transparency for retail investors, clarify requirements for providers, and set data standards for supervision 📈. Key points include sustainability indicators, business continuity, trade transparency, orderbook format, machine-readable white papers, and public disclosure of insider information 📋.

Join Global Fintech Leaders at P2P Financial Systems Workshop The tenth P2P Financial Systems International Workshop in Dubai, in collaboration with the Virtual Assets Regulatory Authority (VARA), is poised to be a pivotal occasion in March 2024. This workshop will gather top-tier experts and key stakeholders to delve into the improvements, regulatory hurdles, and future trajectories of peer-to-peer (P2P) monetary structures. Set in opposition to the backdrop of Dubai's ambition to be a worldwide chief in virtual property and financial innovation, the occasion will provide a platform for members throughout finance, era, and regulation to collaborate and proportion expertise. Discussions will cover the ultra-modern P2P trends, realistic case research, and networking opportunities with enterprise frontrunners. The partnership with VARA highlights the essential function that regulatory frameworks play inside the increase of P2P economic structures, ensuring each patron safety and marketplace integrity. As the financial surroundings continues to transform, the workshop will assist form conversations round excellent practices and the cutting-edge technology. For every person passionate about the convergence of finance and generation, this workshop is an unmissable possibility to gain insights that could shape the future of worldwide financial systems. #P2PFinance#FinTech#Blockchain#DeFi#FinancialInnovation#DubaiEvents#VARA#FinTechConference#P2PWorkshop#DigitalFinance

News Alert 🚨 Abu Dhabi’s financial regulator ADGM proposed a framework to oversee fiat-referenced tokens (FRTs), a stablecoin backed by liquid assets. Here's why it matters: ◾ The framework requires FRT issuers to maintain reserves equal to the par value of all outstanding tokens and to segregate assets for each FRT. ◾ By setting strict regulations, Abu Dhabi aims to ensure the stability and transparency of FRTs, which could attract more institutional investors and bolster confidence in the region's growing digital asset market. ◾ Stakeholders have until October 3, 2024, to provide feedback, influencing the final shape of these regulations. Read more at Cointelegraph 👇 https://lnkd.in/e3Mf3iEF Read the consultation paper 👇 https://lnkd.in/eadMvb8n