Virtual Assets and the Existing Regulatory Landscape

The emergence of digital assets gives rise to new possibilities for ownership, transferability, and monetization in the digital space, representing a transformative shift and reshaping traditional concepts of value and assets. The ongoing development and adoption of blockchain technology continue to drive innovation in this rapidly evolving landscape.

However, the emergence of digital assets has posed unique challenges for regulatory authorities globally. As these assets gained popularity, governments and regulatory bodies began to grapple with the need to establish frameworks that balance innovation, consumer protection, and financial stability.

Over time, various countries developed diverse approaches to regulate digital assets, with some embracing innovation while others adopted a more cautious stance. The regulatory landscape for digital assets is diverse, with authorities worldwide working to strike a balance between fostering innovation and safeguarding the interests of consumers, investors, and the broader financial system.

Our report highlights the initial steps taken by global institutions to establish regulations or guidance for digital assets, while taking a deeper look into the initiatives taken by countries in the Middle East. Further, the core regulatory aspects that require consideration by regulators and digital asset service providers, including guidance set by global standard-setting institutions, are discussed at length. 

The list below indicates the report’s coverage:

• An introduction into the growth of virtual assets and the regulatory landscape
• The evolution of digital assets in the Middle East 
• The six fundamental themes within the existing regulatory landscape
• Recommendations for regulators of digital asset service providers
• Recommendations for digital asset service providers
• Our portfolio of digital asset services