Read

Tellor

<div class="cryptonews">
 <p class="is-style-lead">Abu Dhabi introduces a trailblazing DLT regulatory framework, setting global standards for blockchain foundations and DAOs.</p>
 <p>Abu Dhabi Global Market (ADGM) has unveiled the Distributed Ledger Technology (DLT) Foundations Regulations 2023, establishing a pioneering legislative structure for blockchain and DAOs. The Registration Authority of ADGM announced that these <a rel="noopener noreferrer nofollow" title="regulations" href="https://thebittimes.com/tag/regulations.html">regulations</a> will help to bolster the blockchain and Web3 sector, thereby propelling the region and ADGM into the forefront of <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> asset <a rel="noopener noreferrer nofollow" title="regulation" href="https://thebittimes.com/tag/regulation.html">regulation</a>.</p>
 <p>The DLT Foundations Regulations have been crafted to specifically address the complexities of the blockchain ecosystem, allowing for the operation and issuance of tokens by DAOs and blockchain foundations. In this regard, the UAE stands as the world’s first, setting a high bar for regulatory frameworks globally.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Tellor account compromised after price surge
 </div>
 <p>ADGM emphasized that these regulations are critical as Abu Dhabi has rapidly become a prime location for leading digital asset innovators. The DLT Foundations Regime is envisioned to be a catalyst for substantial progress in the digital assets space, advocating for a transparent and efficient future. ADGM has also released a 76-page report, detailing the DLT Foundations Regulations, which includes registration requirements for businesses, obligations, documentation, and auditing processes.&nbsp;</p>
 <p>With this regulatory framework, ADGM reaffirms the UAE’s status as a <a rel="noopener noreferrer nofollow" title="global" href="https://thebittimes.com/tag/global.html">global</a> trailblazer in the <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> economy, paving the way for a transparent, efficient, and secure <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> asset future.&nbsp;</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> FTX founder, Sam Bankman-fried, is guilty to all charges: crypto community reacts
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/abu-dhabi-launches-first-global-digital-ledger-technology-regulations-tbt69015.html">https://thebittimes.com/abu-dhabi-launches-first-global-digital-ledger-technology-regulations-tbt69015.html</a></p>

Abu Dhabi launches first global digital ledger technology regulations

TheBitTimes

Other articles published on Nov 3, 2023

Bank Besar Swiss Rambah Bisnis Kripto

Binance Removes 22 Liquidity Pools from Binance Liquid Swap

FTX CEO Sam Bankman-Fried Faces Guilty Verdict on All 7 Counts in Fraud Trial

Ripple’s Legal Milestone: SEC Disgorgement Strategy Stumbles, Boosting Ripple’s Defense!

What is Compound Coin?

SynFutures Co-Founder Predicts Bitcoin at $47000 by November’s End

Join our free newsletter for daily crypto updates!