Abu Dhabi Prepares for Groundbreaking Autonomous Vehicle Race
The rising tide of enthusiasm around the Abu Dhabi Racing League (A2RL) could not be greater as fans get ready for the big day at the Yas Marina Circuit. The event is scheduled for the 27th of April, inviting technology enthusiasts to witness the revolutionary intersection of motorsport and technology, with autonomy features eventually going […]
Abu Dhabi Investment Firm Explores Semiconductor Sector Investment
In a strategic move to bolster its position in the global artificial intelligence (AI) industry, Abu Dhabi-based investment company MGX is in talks to finance Sam Altman’s ambitious plan to build excessive semiconductor manufacturing capacity for AI processors. As reported by the Financial Times, this initiative aligns with the United Arab Emirates’ strategy to emerge […]
UAE Financial Center ADGM forges new partnership with Solana Blockchain Foundation
Once again the UAE financial center in Abu Dhabi, the Abu Dhabi Global Market (ADGM) has forged a new partnership with a leading blockchain platform, the Solana Foundation to enhance Distributed Ledger technology and blockchain innovation. The Solana Foundation is a non-profit organization dedicated to decentralization, adoption, and security on Solana network. The initiative aligns […]
Venom Foundation Announces Operational Wind-Down in ADGM
The Venom Foundation, established in 2022 under the ADGM Foundations Regulations 2017, has reached a significant juncture in its operational journey. The Foundation announced its decision to cease operations within the Abu Dhabi Global Market (ADGM), initiating the dissolution process as outlined in section 40 of the regulations. The decision marks a pivotal shift in […]
Faith-Led Initiative by Abu Dhabi Peace Forum Aims to Influence Global AI Regulation
Faith leaders and civil society organizations have joined forces under the auspices of the Abu Dhabi Forum for Peace to initiate a commission that aims to play a pivotal role in shaping the global regulation of Artificial Intelligence (AI). The Faith and Civil Society commission, launched in London with the backing of UK consultancy Good […]
Binance sets the record straight on Abu Dhabi licensing
Binance, the renowned cryptocurrency exchange, has recently made headlines with its strategic maneuver in Abu Dhabi, shedding light on the complexities of global crypto regulation. The exchange’s Abu Dhabi unit has decided to retract its application with the Emirate’s financial watchdog, but insists this move is not connected to its recent legal entanglement in the […]
Paxos expands global reach with key Abu Dhabi approvals
Paxos, a renowned player in the cryptocurrency space, has recently achieved significant milestones in its global expansion strategy, marking a new era in the digital assets market. With two in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), Paxos is poised to enhance its service offerings in the […]
Abu Dhabi ADGM to amend its virtual asset regulations and introduce DeFi regulations
The Abu Dhabi financial free zone hub, ADGM (Abu Dhabi Global Market) and its regulatory body the FSRA (Financial Services regulatory Authority) have published their business plan for 2024 which outlines introducing DeFi regulations as well as amendments to its virtual assets regulatory framework. ADGM which announced its virtual assets framework back in 2018 has […]
UAE issues DLT regulation allowing issuance of governance tokens
UAE’s Abu Dhabi Global Market after announcing its DLT token issuance consultation paper in April 2023 has now officially launched its new regulation that will allow DLT (Distributed Ledger Technology) Foundations, DAO (Decentralized Autonomous Organizations) to issue tokens. This means that DLT Foundations of Layer 1 or Layer 2 protocol Foundations can receive licenses from […]
Abu Dhabi Launches World’s Largest Autonomous Racing League
In a significant stride towards promoting autonomous driving technology, Abu Dhabi has officially unveiled the Abu Dhabi Autonomous Racing League (A2RL), heralded as the world’s largest racing league for self-driving cars powered by artificial intelligence (AI). The groundbreaking event is set to take place on April 28, 2024, at the renowned Yas Marina Circuit. With […]
Abu Dhabi global market considers decentralized legal framework seeks public feedback on proposals
The Registration Authority of Abu Dhabi Global Market (ADGM) has recently released a consultation paper that proposes a legal framework for Distributed Ledger Technology (DLT). The authority aims to gather public opinions and comments on the proposals before finalizing the new regime. Key proposals for DLT foundations The main aspects of the new framework revolve […]
Abu Dhabi Global Market seeks answers on proposed DLT legal framework
Recently, it has been reported that the Registration Authority of Abu Dhabi Global Market (ADGM) is actively seeking answers regarding the proposed legislative framework for distributed ledger technology (DLT). Specifically, the authority is targeting disclosures, liquidation, and governance structures to be addressed within this framework. The proposed legal framework has generated interest among stakeholders, as […]
Abu Dhabi launches $2 billion crypto program to support Web3 and blockchain startups
Abu Dhabi’s tech ecosystem, Hub71, has launched a $2 billion project to support Web3 and blockchain technology startups. According to a press release today, this brand-new initiative called the Hub71+ Digital Assets Ecosystem would offer startups in the region different opportunities to interact with potential corporate, government, and investment entities. The program aims to assist […]
