Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) has made significant revisions to its digital asset regulatory framework, building upon feedback gathered through Consultation Paper No. 11 of 2024. These changes aim to expedite the process for virtual assets (VAs) to gain recognition within the ADGM. Key enhancements include establishing clear capital requirements and fee structures for those authorized to conduct regulated activities in this space. The revisions also introduce specific powers to intervene in virtual asset markets and prohibit the use of privacy tokens and algorithmic stablecoins within ADGM. Furthermore, investment guidelines have been updated, broadening venture capital fund scopes and encouraging a wider approach to risk management and opportunities in the digital asset sector.