Oman invites companies that are interested in creating a regulatory framework for virtual assets - regulation

The authorities in Oman in the Middle East have specialized companies who are interested in supporting the country in building a regulatory framework for virtual assets to submit their proposals. Interested companies must submit their suggestions by March 23, 2022 at the latest.

process divided into two phases

The Omani financial supervisory authority, the Capital Markets Authority (CMA), recently invited companies that are interested in building a regulatory framework for virtual assets to participate in a tender procedure.

according to A This process for creating the regulatory framework is from Unlock Media divided into two phases. In the first part, the legal and regulatory framework conditions required for the regulation of virtual assets are identified and explained. The appropriate protective measures for investors will also determine.

The CMA's tender took place for several months after the country's central bank had warned the residents of the Oman's inhabitants against the risks of trade in cryptocurrencies. The tender comes almost four months after the start of A through the Central Bank Emergency group commissioned to examine the advantages and disadvantages of the authorization of the use of cryptocurrencies.

According to the text of the tender, interested companies must submit their offers by March 23, 2022.

What do you think about this story? Tell us your opinion in the comments below.

Terence Zimwara

Terence Zimwara is an award -winning journalist, author and writer from Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

Bedy verification : Shutterstock, Pixabay, WikiCommons