The Abu Dhabi Global Market (ADGM) is positioning itself as the crypto and blockchain capital of the world. The ADGM's blockchain-friendly regulations have attracted major players in the crypto industry to open offices in Abu Dhabi. The UAE has emerged as a global leader in blockchain adoption, creating a favorable environment for innovation. The ADGM's regulatory framework has gained recognition for its clarity and has attracted crypto giants such as Tether's USDT, Aptos Foundation, Chainlink Labs, TON, and Polygon Labs. Entities seeking to operate in ADGM must undergo evaluations to determine eligibility. The UAE has established notable regulatory clarity for the crypto industry, and ADGM's regulations align with global standards. The ADGM has also launched pioneering initiatives and pilots that prioritize innovation, such as "Mediation in the Metaverse." The UAE's crypto and blockchain developments have been surprising, and the country continues to set new benchmarks for global markets, with Dubai planning to construct a Crypto Tower to support the growth of the blockchain and Web3 sectors. With its supportive policies and growing community, ADGM aims to become a global leader in blockchain innovation.
Content Editor ( beincrypto.com )
- 2025-01-23
How Abu Dhabi Global Market (ADGM) Plans to Make the UAE the Crypto Capital of the World
