Crypto-trading in Abu Dhabi

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi, UAE, is considering the creation of some kind of a basis for crypto-trading and whether they should launch any restrictions or not. The FSRA declared that they were working on a list of rules for trading in the capital, reports Reuters. “In considering such a framework, the FSRA intends to consult and work closely with industry participants and relevant professional bodies,” the regulator said. In the surrounding areas, many regulators are wary of cryptocurrencies. The Saudi Arabian central bank has advised people not to trade bitcoin, and last week, Qatar’s central bank told banks not to deal in any way with cryptocurrencies.