Published by ADGM’s Registration Authority (RA), the guidance sets out the requirements for licensing, corporate governance and supervision of businesses undertaking crypto mining activities within or from the financial centre.

Under the new arrangements, cryptocurrency mining will be treated as a commercial business activity rather than a regulated financial service, distinguishing it from activities falling under the jurisdiction of ADGM’s Financial Services Regulatory Authority (FSRA).

The framework adopts a technology-neutral approach, covering mining and validation activities using Proof-of-Work, Proof-of-Stake and other consensus mechanisms that may emerge as blockchain technology develops.

Introduced under Section 23 of the…