Abu Dhabi’s stance on ICOs

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Abu Dhabi have decided to provide guidance on the regulation of Issuing new cryptocurrency through ICOs.

Their guidance covers how they will categorise issuing tokens. This falls into roughly 3 categories: security offerings which would be restricted to accredited investors, cryptocurrencies that are unregulated but if issued by a regulated entity would have to adhere to AML laws and crypto-derivatives services that would require regulated Clearing Houses and Recognised Exchange infrastructure.

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