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Home BANGLADESH CRYPTO NEWS

Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets – Regulation Bitcoin News

by 198bangladeshnews_22i2qo
January 25, 2022
in BANGLADESH CRYPTO NEWS
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Authorities within the Center Japanese state of Oman have requested specialised firms, curious about serving to the nation arrange a regulatory framework for digital property, to submit their proposals. firms must submit their proposals no later than March 23, 2022.

Course of Divided Into Two Phases

The Oman monetary regulator, the Capital Markets Authority (CMA), lately invited firms curious about serving to it arrange a regulatory framework for digital property to take part in a young course of.

In accordance with a report by Unlock Media, this course of of making the regulatory framework will likely be divided into two phases. The primary half will establish and set out the legislative and regulatory framework required for the regulation of digital property. It can additionally set up the right safeguards for traders.

Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

The following part, based on the report, will contain coaching and technical assist for the CMA in addition to creating the work manuals varieties. In the meantime, in a screenshot of the tender commercial shared by a Twitter person, the CMA asks “specialised” firms that want to take part within the tender course of to pay a young and to submit the required paperwork which embody a duplicate of the industrial registration certificates.

Crypto Taskforce

The CMA’s floating of the tender comes a number of months after the nation’s central financial institution warned Oman residents of the dangers of cryptocurrency buying and selling. The tender invitation additionally comes almost 4 months after the central financial institution’s launch of a job drive mandated with learning the professionals and cons of authorizing the usage of cryptocurrencies.

In accordance with the tender commercial, firms must file their proposals on or earlier than March 23, 2022.

What are your ideas on this story? Inform us what you assume within the feedback part under.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively concerning the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.







Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss induced or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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