Abu Dhabi’s stance on ICOs


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.

Read more here.