Abu Dhabi Regulator: Institutional Investors Will Bring Stability to Crypto

The head of Abu Dhabi’s Financial Services Regulatory Authority (FSRA), Richard Teng, told attendees of Fintech Abu Dhabi that greater regulatory measures are needed in order to reduce the amount of fraud and scams that exist in the crypto markets. His comments come as global regulators work to clamp down on crypto related fraud.
Teng, the chief executive of the FSRA, spoke about crypto regulation while keeping in mind the potential growth of the industry, saying that “This space nee