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Abu Dhabi Regulator, ADGM, Signs Digital Assets MoU With Bermuda Monetary Authority
11.6.2024
The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the Bermuda Monetary Authority (BMA) have signed a digital assets Memorandum of Understanding (MOU). This MOU establishes a framework for collaboration between the two regulatory authorities to support...
Paxos International to issue regulated interest-paying stablecoin
5.6.2024
The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States
Blockdaemon gets greenlight for UAE expansion in Abu Dhabi
13.5.2024
Blockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institutional-grade adoption
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
Abu Dhabi authorizes the IOTA ecosystem DLT Foundation under ADGM
30.11.2023
IOTA Foundation has announced that it will now work with relevant authorities in Abu Dhabi, UAE, to boost its digital infrastructure. ADGM, an acronym for Abu Dhabi Global Market, has now registered the Foundation. This makes the IOTA Ecosystem DLT Foundation the first such player to have received...
Abu Dhabi Global Market Unveils New Regulations for Web3 Firms
2.11.2023
Abu Dhabi seeks to beef up its web3 landscape with new guidelines for blockchain-based firms as its crypto hub is projected to grow in the coming months. The Abu Dhabi Global Market (ADGM) announced new rules that create numerous blockchain foundations and how they operate within the jurisdiction...
Venom Foundation Announces the Release of its Public Testnet
25.4.2023
PRESS RELEASE. Abu Dhabi, 25 April, 2023 — Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along...
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
7.3.2023
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such...
Venom Blockchain Partners with DAO Maker to Incubate Web3 Startups Focused on Real-world Use Cases
13.2.2023
PRESS RELEASE. Abu Dhabi, 13 February 2023 — Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups...
Binance receives FSP from FSRA of ADGM to enhance customer safety
17.11.2022
Binance has gained the capability of allowing its professional clients to claim custody. The update follows the development wherein the crypto platform has received Financial Services Permission from the Financial Services Regulatory Authority of ADGM, short for Abu Dhabi Global Market. Receiving...
Venom Foundation Is Boosting MENA Crypto Adoption
10.10.2022
Today’s entrepreneurs in the MENA area are regarded as the forerunners in adopting global crypto trends; thus, enterprises must explore decentralization for commercial, governmental, and social initiatives. The first cryptocurrency foundation in the ADGM with permission to run a blockchain...
Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation ‘Guiding Principles’
14.9.2022
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA...
Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies
4.9.2022
Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms...
Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper
15.4.2022
The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding...
Abu Dhabi Global Market Regulatory Arm Unveils Document Proposing Changes to Virtual Asset Regulations
24.3.2022
The Financial Services Regulatory Authority (FSRA), a regulator in the United Arab Emirates (UAE)’s financial center and free zone, the Abu Dhabi Global Market (ADGM), has released a consultation paper that proposes amendments to regulations that govern the use of virtual assets. Regulator...
Regulator Says UAE ‘Closer to Issuing the Regulatory and Supervisory Framework’ for VASPs
10.3.2022
The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting...
Swiss Crypto Bank SEBA Gets License to Operate in UAE Financial Center
24.2.2022
The Swiss crypto bank, SEBA Bank, was recently granted a license to operate in the Abu Dhabi Global Market (ADGM), the UAE’s financial center. The license allows SEBA to conduct regulated services. SEBA’s Strategy The Swiss-registered digital asset bank, SEBA Bank, has been granted...
PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market
14.7.2019
Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.
The post...