ADGM launches consultation over new crypto mining regulations
The ADGM registration authority (RA) is seeking industry feedback on its proposed guidance on crypto mining activities, which sets out the authority’s plans for a commercial framework for crypto mining, responsible operation principles, licensing requirements, ongoing obligations and its supervisory approach.
Although crypto mining is not classified as a regulated financial service in the ADGM, the ADGM’s commercial licensing regime is applicable and requires entities to obtain and maintain an appropriate approval from the RA.
The discussion paper proposes ongoing obligations for crypto mining which including transparency measures and disclosure of on-chain addresses used for mining rewards, and emphasises requirements for…
