Crypto Exchanges In Abu Dhabhi Can Enter Into Financial Zone After Embracive Regulations

The only hurdle for investors to invest in bitcoin is the ambiguous regulatory frame work in their country. Abu Dhabhi's financial center will introduce regulations for crypto currency exchanges. Introduction of regulations means that they are ready to accept crypto industry and this will help the crypto exchanges to enter itno the financial zone.

Financial Services Regulator Authority (FSRA) of Abu Dhabi Global market committed to operate fair and efficient regulatory environment that's why they are considering to develop the same type of regulatory framework so that they can track the activities of virtual currency exchanges. To Achieve the mentioned goal they are working closely with industry participants and relevant professional bodies.

It's another change of view by a government because last year UAE's central bank banned its customers from buying bitcoin. Previously they listed cryptocurrencies as commodities but now they think that even its is not a legal tender but it is gaining popularity as a medium of exchange for goods and services.