This week the Securities and Commodities Authority (SCA) released its ‘Administrative Decision No. (11) of 2021 concerning Guidance for Crypto Asset Regulations’ (link) (or Crypto Asset Guidance/ Guidance) which throws light on, and clarifies the application of the SCA’s Board of Directors’ Decision No. 23/Chairman of 2020 concerning Crypto Assets Activities Regulation (link) (or the Crypto Assets Regulation/ Regulation), which was released late last year.
Here are the key highlights from the Guidance.
Authored by Ratul Roshan (Associate) and Anibal Suriel (Associate) with inputs from Akshata Namjoshi (Lead: Fintech, Blockchain and Emerging Tech)
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