A Comprehensive Overview of ADGM’s New DLT Regulations
As previously covered, the Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has marked a significant milestone in the development of regulatory frameworks for digital assets by formally unveiling the Distributed Ledger Technology (DLT) Foundations Regulations 2023, referred to as the “Regulations.” This groundbreaking legal framework has been crafted to provide a thorough structure […]
Dubai’s DFSA Approves XRP for Virtual Asset Services in DIFC
Ripple, a prominent name in enterprise blockchain and cryptocurrency solutions, has made an announcement regarding the approval of the digital asset XRP for use within the Dubai International Financial Centre (DIFC) by the Dubai Financial Services Authority (DFSA). This marks a crucial development in the cryptocurrency and blockchain landscape, as licensed virtual asset firms operating […]
Unlock Blockchain’s Exclusive Interview with Canaan Creative’s VP: Davis Hui
In recent years, the Middle East has witnessed a remarkable growth in the blockchain and crypto space. The region has seen a particular emphasis on crypto mining, with countries such as the UAE and Oman emerging as key players in this evolving landscape. Canaan Inc. (Nasdaq: CAN), a pioneering global high-performance computing solutions provider, has […]
ADGM Breaks New Ground with World’s First DLT Foundations Regime
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has taken a monumental step in the evolution of digital asset regulatory frameworks by officially releasing the Distributed Ledger Technology (DLT) Foundations Regulations 2023. This landmark legislative structure is designed to offer a comprehensive framework for DLT Foundations and decentralized autonomous organizations (DAOs), addressing the […]
Turkey Takes Crypto Regulation Steps to Exit FATF Grey List
Turkey is taking significant steps to enhance its anti-money laundering regulations related to crypto assets in a bid to remove itself from the Financial Action Task Force’s (FATF) “grey list.” According to the country’s Finance Minister, Mehmet Simsek, fresh legislation concerning crypto assets is among the remaining issues to be addressed for full compliance with […]
Stablecoins Poised for Success in Areas Where BTC and ETH Failed, Supported by Consensus Views
In the ever-evolving landscape of cryptocurrencies, Bitcoin and Ethereum have undoubtedly left an indelible mark. Yet, according to an executive at Pantera Capital, the original aspirations held for these digital assets have not been fully realized. While Bitcoin and Ethereum have achieved tremendous success in their own right, they have fallen short of being the […]
Exploring the Digital Asset Seas: A Conversation with CEO Anil Sethi on AI Strategies and Creed&Bear
The Future Blockchain Summit, which took place at the Dubai Harbour this October, brought together some of the brightest minds in the blockchain and cryptocurrency industry. Among the prominent figures present was Anil Sethi, the CEO of Creed&Bear, a company that’s making waves in the world of digital asset trading. In an exclusive interview, Anna […]
Backpack Launches New Crypto Exchange, Receives Approval for VASP License from VARA
Dubai-based Backpack, a web3 wallet provider and the force behind Mad Lads, the top NFT collection on Solana by market cap, has just unveiled its regulated cryptocurrency exchange. Trek Labs Ltd FZE, trading under the name Backpack Exchange, has been granted the Virtual Asset Service Provider (VASP) license for Exchange Services by the Dubai Virtual […]
ADGM Takes the Lead in Safeguarding Global Finance, Publishes Financial Crime Report for 2021-2022
In an ever-evolving landscape of global finance, safeguarding against financial crime has become paramount. Money laundering, terrorism financing, and proliferation financing are three ominous specters haunting the international financial stage, threatening economic growth and social stability through illicit flows of funds and illegal activities. The Abu Dhabi Global Market (ADGM) has not remained idle in […]
Hub71 Unveils 13th Cohort of 23 Startups, Reinforcing Abu Dhabi’s Status as Global Tech Powerhouse
Hub71, Abu Dhabi’s renowned global tech ecosystem, has recently unveiled its latest cohort of startups, comprising 23 innovative companies from around the world. These startups have collectively raised $53 million in funding, a testament to Hub71’s growing stature as a hub for entrepreneurship and innovation. Following a highly competitive selection process, the successful startups have […]