PANews reported on June 11 that according to Crowdfundinsider, the Financial Services Authority (FSRA) of the Abu Dhabi Global Market announced a revision of its digital asset regulatory framework, which will take effect immediately. The revision was promoted after extensive industry engagement and feedback collection on Consultation Document No. 11 of 2024. The key revisions include: optimizing the process for virtual assets (VAs) to become recognized virtual assets in the Abu Dhabi Global Market (ADGM), and formulating appropriate capital requirements and fee regulations for authorized persons conducting relevant regulated activities. At the same time, specific product intervention rights for virtual assets are introduced, and rules prohibiting the use of privacy tokens and algorithmic stablecoins in ADGM are clarified. In addition, the scope of investment in venture capital funds has been expanded.