ADGM floats new rules for staking virtual assets: Abu Dhabi Global Market’s Financial Services Regulatory Authority (FRSA) issued a consultation paper (pdf) on a proposed framework to regulate the staking of virtual assets. Feedback is open until 31 October 2025.

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Defining the regulatory scope: Individuals engaging in staking activities without intermediation would not be subject to regulation, and if a service provider is providing services other than holding client assets —- like facilitating, setting up, maintaining, or operating — they will also not fall under the regulatory framework.

Firms that stake client assets will need a specific permit, either as a virtual assets asset manager or as a custodian, and will need a no-objection certificate before staking virtual assets. They also have to get the client to agree to a written contract.

Due diligence will also be required on staking service providers, as well as on any automated protocols or contracts.

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