Abu Dhabi witnessed a outstanding occasion in its monetary market on December 5, as Phoenix Group, a number one identify in cryptocurrency mining, commenced buying and selling on the Abu Dhabi Securities Alternate (ADX). Marking one of many first situations an organization from this sector has gone public within the Center East, Phoenix Group’s entry...
Abu Dhabi has formally launched its regulatory framework for Decentralised Autonomous Organisations and different digital ledger entities. Consequently, this locations the emirate on the forefront of digital asset innovation within the Center East. Abu Dhabi’s Leap into Digital Asset Laws Abu Dhabi’s stride in the direction of integrating blockchain into its authorized fold represents a...
JPMorgan’s Onyx Coin Methods has scored one other win within the Center East with the completion of a blockchain-based cross-border funds pilot undertaking with First Abu Dhabi Financial institution (FAB). The pilot part was “executed seamlessly with passable response occasions,” in accordance to an announcement. The FAB pilot wound up weeks after an analogous take...
The Abu Dhabi International Market (ADGM) has granted Laser Digital, the digital belongings arm of Japan’s Nomura Financial institution, in-principal approval to supply broker-dealer providers and asset/fund administration providers with each digital and conventional belongings, in keeping with an ADGM communication on Sept. 26. Laser Digital can obtain full Monetary Companies Permission to function after...