The Capital Market Authority of Oman released a consultation document on July 27.
The deadline for comments on the consultation document has been set to August 17.
With its financial markets regulator soliciting public views on its proposed regulatory framework controlling digital assets, such as cryptocurrency. The Sultanate of Oman is moving closer to adopting its own virtual asset rules.
Based on feedback from the public, the Capital Market Authority (CMA) of Oman released a consultation document on July 27. Thus, outlining its plans to create a complete regulation for the virtual asset industry.
Stringent Compliance
The consultation document has 26 questions to solicit feedback from relevant parties. There are suggestions on how VASPs should be regulated and licensed. Also, how to handle corporate governance and risk, and issue virtual assets.
It showed that the proposed framework includes all digital currencies that fit the Financial Action Task Force’s (FATF) definition of virt
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