UAE’s ADGM Unveils New Licensing Framework for Crypto Mining
Abu Dhabi Global Market (ADGM) has proposed a groundbreaking regulatory framework for cryptocurrency mining operations within the UAE. The initiative introduces commercial licensing for mining entities, covering both proof-of-work and proof-of-stake blockchain technologies.
The framework mandates strict governance standards, including beneficial ownership disclosure and risk-based supervision. Notably, it extends jurisdictional reach, allowing ADGM-licensed entities to oversee international mining operations—a first for Middle Eastern regulators.
This MOVE positions the UAE as a progressive hub for blockchain infrastructure development while maintaining compliance with federal laws. The licensing structure avoids financial services classification, instead treating mining as commercial activity—a nuanced approach that could influence global regulatory trends.
