The post Oman Seeks Public Comments on Proposed Virtual Asset Regulations! appeared first on Coinpedia Fintech News

The Capital Market Authority of Oman is seeking public comments on its proposed regulatory framework for virtual assets, which includes cryptocurrencies. The regulator is drafting a comprehensive regime for the sector that covers business requirements and market abuse prevention. The proposal includes 26 questions relating to regulatory and licensing requirements for virtual asset service providers, corporate governance, risk management, and virtual asset issuance. The framework will cover utility tokens, security tokens, fiat-backed and asset-backed stablecoins, and digital currencies that meet the Financial Action Task Force’s definition of virtual assets.