ChainCatcher news, according to Bitcoin.com, the Ministry of Interior of the United Arab Emirates (UAE) has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to enhance coordination in combating crimes related to virtual assets.The agreement requires both parties to share information and strengthen risk mitigation frameworks. Reportedly, the agreement also aims to support the UAE's strategy to protect its financial system from the evolving threats in the digital asset space.

ChainCatcher message, Tether announced that its USDT stablecoin has been approved by the Abu Dhabi Global Market ("ADGM") Financial Services Regulatory Authority ("FSRA") as an approved virtual asset ("AVA").This approval allows FSRA authorized and licensed entities to provide pre-approved services related to USDT.

ChainCatcher news, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi International Financial Centre has announced revisions to its anti-money laundering and sanctions rules and guidelines to clarify the requirements previously outlined in the anti-money laundering rules. This reflects the UAE's federal regulatory framework aimed at combating money laundering, terrorist financing, and proliferation financing, as well as ensuring compliance with targeted financial sanctions rules. In particular, some subtle drafting changes have been made to the wire transfer provisions to more clearly indicate that the Financial Action Task Force (FATF) "Travel Rule" applies to virtual assets.