Establishing a Virtual Asset Service Provider (VASP) in Abu Dhabi in 2022

As the demand and interest for virtual assets continue to grow exponentially, the Financial Services Regulatory Authority (FSRA) pioneered to provide a safe and regulated infrastructure, for the Abu Dhabi Global Market (ADGM) to become the world’s first jurisdiction to introduce and implement a comprehensive virtual assets regulatory framework.

The ADGM welcomes responsible virtual asset players like multilateral trading facilities, brokers, custodians, asset managers and other intermediaries carrying out virtual asset activities. ADGM aims to offer a high-standard regulatory regime which fosters market confidence and encourages groups, corporations, and individuals to involve with the virtual asset market. Thus, the FSRA’s role focuses more on proper governance and oversight, as well as ensuring transparency within the market.

In the following commentary the SALVUS Crypto-Assets team provides valuable information for establishing a Virtual Asset Service Provider (VASP) in Abu Dhabi, as follows:

1. What is a virtual asset?
2. Which virtual asset activities are regulated by the FSRA?
3. What are the regulatory fees and capital requirements?
4. How long is the application procedure?
5. How SALVUS can assist your FSRA application

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Find the full article here: https://salvusfunds.com/2022/12/14/establishing-a-virtual-asset-service-provider-vasp-in-abu-dhabi-in-2022/