Oman Virtual Assets Regulatory Framework Soon
Oman’s Capital Market Authority (CMA) intends to create a new regulatory framework for Virtual Assets (VA) and Virtual Asset Service Providers (VASP). The framework will cover all virtual asset activities, include licensing for all VASP categories, and have a supervisory framework to identify, assess, and mitigate risks. The CMA has conducted extensive global analysis and benchmarking with other jurisdictions to ensure a comprehensive and facilitative regulatory framework.
The CMA is proposing a new regulatory framework for crypto assets, tokens, exchanges, and initial coin offerings. Stakeholders, including VASPs, financial institutions, academics, legal firms, and consumer groups, are invited to provide views and comments on the public consultation paper. The paper can be downloaded from the CMA’s website.
(With inputs from Shikha Singh)
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