In a bold move to cement the UAE’s position in the global blockchain arena, three of Abu Dhabi’s most influential institutions are collaborating to launch a dirham-pegged stablecoin pending regulatory approval. The coalition includes ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the country’s largest bank; and ...
Abu Dhabi’s financial watchdog has imposed over $12 million in penalties on cryptocurrency firm Hayvn and its former CEO, Christopher Flinos, over serious regulatory violations, including anti-money laundering (AML) breaches and operating without proper authorization. On Monday, April 14, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market ...
DWF Labs, a Web3 market maker and crypto investor, has entered a strategic partnership with The Blockchain Center Abu Dhabi. This collaboration, marked by a signed Memorandum of Understanding (MOU), highlights their shared commitment to fostering innovation and growth in the Web3 sector across the MENA region. The partnership will ...
The Aptos Foundation, a leading force in global blockchain development, has announced plans to open a regional office in Abu Dhabi Global Market (ADGM). This move marks a pivotal step in the foundation’s efforts to expand the Aptos ecosystem and promote Web3 innovation worldwide. The Abu Dhabi office will be ...
DWF Labs, a leading venture capital firm focused on cryptocurrency investments, will be moving its headquarters from Singapore to Abu Dhabi. Andrei Grachev, co-founder of DWF Labs, announced the decision via an X post on December 2. He cited the firm’s goal of expanding its operations in real-world assets (RWA) ...
Abu Dhabi's financial regulator has opened a public consultation on a proposed regulatory framework to guide the supervision of fiat-referenced tokens (FRTs), a category of stablecoins. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) announced the new framework in response to stakeholder requests. It noted ...
Hashed Ventures, a crypto venture capital firm based in Seoul, South Korea, is set to expand its operations into Abu Dhabi through a strategic partnership with the city's tech ecosystem group, Hub71, according to Bloomberg. CEO Simon Kim reportedly announced that the firm will establish a local office in Abu ...
