Abu Dhabi Launches First Global Digital Ledger Technology Regulations
Setting the Standard for Blockchain Foundations and DAOs
The Next Leap in Digital Innovation
Abu Dhabi Global Market (ADGM) has unveiled the Distributed Ledger Technology (DLT) Foundations Regulations 2023, establishing a pioneering legislative structure for blockchain and DAOs. This landmark regulation sets the global standard, propelling Abu Dhabi and ADGM to the forefront of digital asset regulation.
A Trailblazing Framework for the Blockchain Ecosystem
The DLT Foundations Regulations have been meticulously crafted to address the complexities of the blockchain ecosystem. They enable the operation and issuance of tokens by DAOs and blockchain foundations. With this forward-thinking approach, the UAE emerges as the world's first, setting an unparalleled bar for regulatory frameworks globally.
A Catalyst for Progress in the Digital Assets Space
Abu Dhabi has emerged as a hub for digital asset innovators, and these regulations play a crucial role in further amplifying its position. The DLT Foundations Regime acts as a catalyst for substantial progress, promoting transparency and efficiency in the digital assets space. To provide comprehensive guidance, ADGM has also released a detailed 76-page report, outlining registration requirements, obligations, documentation, and auditing processes.
UAE: Paving the Way for a Secure Digital Asset Future
ADGM's regulatory framework solidifies the UAE's status as a global trailblazer in the digital economy. By setting the stage for a transparent, efficient, and secure digital asset future, Abu Dhabi is at the forefront of the revolution. Embrace the era of digital innovation and join us on this exciting journey towards a bold new future.
