Why Crypto Companies Are Warming to the United Arab Emirates
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For example, the Abu Dhabi Global Market (ADGM) has provided clear guidance for classification and treatment of various digital assets, clearly distinguishing between “virtual assets” like Ethereum and Bitcoin, “digital securities” and other tokens which provide different types of utility. Like the ADGM, VARA has defined digital assets with specificity, though opting for a more expansive taxonomy – defining “virtual assets” as “any digital representation of value that may be digitally traded, transferred, or used as an exchange or payment tool, or for investment purposes,” with VARA reserving the right to police the bounds of that definition at its discretion. The
The Abu Dhabi Global Market (ADGM), the premier international financial center in the UAE, has announced a strategic partnership with Chainlink. The partnership aims to enhance the utility of tokenized assets in the region, ensuring that these digital assets meet the required regulatory standards. This new collaboration is poised to…
Binance has achieved a significant milestone by securing full regulatory authorization from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This license allows Binance crypto exchange to operate within a well-established and respected regulatory framework. The FSRA’s approval provides Binance with credibility and access to multiple…
Introduction The IOTA Ecosystem DLT Foundation has achieved a milestone by becoming the first to be registered under Abu Dhabi Global Market’s DLT Foundations Regulations. This development heralds a new chapter in the integration of digital and traditional financial systems in the MENA region and beyond. A Pioneering Move in…