bitcoin
Bitcoin (BTC) $ 51,653.84
ethereum
Ethereum (ETH) $ 3,022.31
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 378.98
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.54589
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.085961
cardano
Cardano (ADA) $ 0.594971
solana
Solana (SOL) $ 103.17
matic-network
Polygon (MATIC) $ 0.978632
polkadot
Polkadot (DOT) $ 7.74
tron
TRON (TRX) $ 0.137833
Sunday, February 25, 2024
More
    bitcoin
    Bitcoin (BTC) $ 51,653.84
    ethereum
    Ethereum (ETH) $ 3,022.31
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 378.98
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.54589
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.085961
    cardano
    Cardano (ADA) $ 0.594971
    solana
    Solana (SOL) $ 103.17
    matic-network
    Polygon (MATIC) $ 0.978632
    polkadot
    Polkadot (DOT) $ 7.74
    tron
    TRON (TRX) $ 0.137833

    Abu Dhabi International Market companions with Solana Basis to drive web3 adoption in UAE

    -

    -Advertisment-

    The Abu Dhabi International Market (ADGM) has signed a Memorandum of Understanding (MOU) with the Solana Basis to drive the adoption of Distributed Ledger Expertise (DLT) options and propel blockchain innovation, in accordance with a Feb. 7 press launch.

    The announcement comes on the heels of ADGM’s pioneering introduction of the DLT Foundations Rules, a world first regulatory framework crafted particularly for Blockchain Foundations and Decentralised Autonomous Organisations.

    - Advertisement -
    BuyBitcoinsWithUsdEur

    The UAE has been a frontrunner in blockchain laws and adoption over the previous decade and is among the few jurisdictions with a complete regulatory framework for the business. The deal aligns with ADGM’s ambition to determine itself as a world hub for technology-driven monetary providers.

    Driving progress

    The partnership goals to broaden ADGM’s blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and tasks. The collaboration is designed to stimulate business engagement and suggestions, important for growing regulatory frameworks and selling Abu Dhabi’s blockchain and Web3 ecosystem.

    Hamad Al Mazrouei, CEO of ADGM Registration Authority, expressed his enthusiasm in regards to the partnership, calling it a major milestone in reinforcing ADGM’s place as a pacesetter within the blockchain business. He added:

    “This collaboration with the Solana Basis is a testomony to the effectiveness of our DLT Foundations Framework and our dedication to the expansion and improvement of the blockchain sector.”

    Al Mazrouei additional highlighted the partnership’s position in pioneering future applied sciences and enhancing blockchain information by emphasizing regulation and compliance.

    UAE’s Web3 ambitions

    The UAE has quickly grow to be a world nexus for blockchain know-how innovation and adoption, a development that Lily Liu, President of the Solana Basis, sees as a chance for additional progress. She said:

    “Our collaboration with ADGM is a monumental step in advancing blockchain adoption throughout the area and helps the Solana Basis’s mission to foster innovation, safety, and widespread community use within the Center East.”

    ADGM, acknowledged for its progressive method as an Worldwide Monetary Centre, stays dedicated to fostering technological innovation and selling the enlargement of cryptocurrency initiatives throughout the digital asset business. This partnership additional strengthens ADGM’s blockchain choices and its strategic imaginative and prescient of changing into a technology-driven monetary hub.

    See also  SBF, using excessive on FTX, reportedly provided $5B to Trump to cancel President re-run

    The partnership marks one other important step within the UAE’s broader technique to embrace blockchain know-how, following ADGM’s prior licensing of the primary DLT Basis with IOTA and the Solana Basis’s collaboration with Dubai’s DMCC as an official ecosystem companion.

    -Advertisment-
    -Advertisment-
    -Advertisment-
    -Advertisment-

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    -Advertisment-

    LATEST POSTS

    How PubKey Revived Bitcoin Tradition in New York Metropolis

    “Welcome residence.” That’s what Thomas Pacchia mentioned to me as I entered his bar, PubKey, situated under road stage in Greenwich Village, New York Metropolis, one...

    Filecoin surges to new highs fueled by pivotal Solana deal and...

    Filecoin has surged to a brand new yearly excessive amid important growth inside its ecosystem. The decentralized storage protocol’s FIL token value soared to a yearly...

    Ethereum Worth Retreats From $3K However Bulls Stay In Cost

    Ethereum value spiked above the $3,000 resistance earlier than the bears appeared. ETH is correcting positive factors, however dips is likely to be restricted under...

    Pantera Capital Foresees Upcoming Surge in Cryptocurrency Market

    In an replace that has caught the eye of the asset group, Pantera Capital, a well-known American hedge fund specializing in cryptocurrencies has shared constructive...
    -Advertisment-
    BuyBitcoinFiveMinute

    Most Popular