Oman: Closed consultation on Virtual Assets Regulatory Framework
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Description
Closed consultation on Virtual Assets Regulatory Framework
On 17 August 2023, the Oman Capital Market Authority (CMA) closed its consultation on the Virtual Assets Regulatory Framework. The framework aims to provide a comprehensive regime for the virtual assets sector including conduct requirements for Virtual Asset Service Providers (VASPs) and rules to prevent market abuse. In particular, the CMA proposes for VASPs to obtain an operational license under the regulatory framework and the procedure for processing the operation license including expected timeframes and related fees.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body