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Oman Capital Markets Regulator Plans to Establish a Virtual Assets Regulatory Framework

February 16, 2023


‘An Alternative Financing and Investment Platform’

The Oman financial markets regulator, the Oman Capital Market Authority, has said it plans to establish a virtual assets framework to “regulate and develop the market in the Sultanate of Oman.” According to the regulator, this plan demonstrates its “proactive approach to develop the digital assets and fintech industry in Oman.”

Also as explained in the regulator’s Feb. 14 press release, the creation of the so-called virtual assets regulatory framework will enable the CMA to avail an “alternative financing and investment platform for issuers and investors, while mitigating the risks associated with this asset class.”