Abu Dhabi Regulatory

Abu Dhabi Establishes a Comprehensive Regulatory Framework for Digital Ledger Technology.

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) unveiled tailored regulations for the cryptocurrency sector, officially known as the Distributed Ledger Technology (DLT) Foundations Regulations 2023, on November 2nd, as announced in a press release. These fresh regulations are designed to offer much-needed clarity and oversight to the cryptocurrency industry, positioning Abu Dhabi…

Read More

G20 Urges Speedy and Unified Execution of IMF’s Crypto Roadmap

During their recent meeting, the G20 finance ministers and central bank governors have embraced the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). They have called for “swift and coordinated implementation” of this roadmap. The G20 finance ministers and central bank governors gathered in Marrakech, Morocco,…

Read More

UAE central bank to issue CBDC as part of its financial transformation program

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments. The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program. …

Read More