{"id":370990,"date":"2023-11-03T16:15:45","date_gmt":"2023-11-03T16:15:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=370990"},"modified":"2023-11-03T16:11:33","modified_gmt":"2023-11-03T16:11:33","slug":"abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/","title":{"rendered":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology"},"content":{"rendered":"<p>The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. 2, according to a <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/adgm-introduces-the-worlds-first-dlt-foundations-regime-301975937.html\">press release<\/a>.<\/p>\n<p>The new rules aim to provide the crypto industry with much-needed regulatory clarity and position Abu Dhabi as the second crypto hub in the UAE, alongside Dubai.<\/p>\n<p>Ahmed Jasim Al Zaabi, the Chairman of ADGM, emphasized Abu Dhabi's rapid transformation into a hub for digital asset innovators and its unwavering commitment to nurturing an ecosystem that fosters technological progress.<\/p>\n<p>This move highlights the UAE's commitment to positioning itself at the forefront of digital innovation.<\/p>\n<h2>DLT Foundations Regulations<\/h2>\n<p>The new regulatory framework addresses the specific legal requirements of Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), and the broader crypto industry.<\/p>\n<p>The framework was created after an exhaustive consultative process with key industry stakeholders to ensure it incorporates valuable feedback and enhances its applicability. It provides a unified solution for the needs of digital asset-related activities while also considering the broader Foundations landscape.<\/p>\n<p>Under the new regime, DAOs and other digital ledger entities can operate legally in the Emirate and issue tokens to their members.<\/p>\n<h2>Crypto hub ambitions<\/h2>\n<p>ADGM's also offers significant benefits to the broader Web3 community. By promoting improved governance and recognizing the decentralized principles inherent in this sector, Abu Dhabi is setting a precedent for international financial hubs.<\/p>\n<p>The Emirate is actively competing to establish itself as a cryptocurrency hub, aligning its efforts with Dubai's initiatives to embrace the digital assets sector.<\/p>\n<p>The regulatory framework in Abu Dhabi presents an attractive option for companies seeking clear and reliable regulations that are distinct from those found in other parts of the world.<\/p>\n<p>Dubai has a significant lead over Abu Dhabi in terms of regulating crypto, with most aspects of the industry now supervised by financial watchdogs. The Emirate has been involved with digital assets for a number of years now and established an economic free zone dedicated to digital and virtual asset service providers.<\/p>\n<p>The zone covers emerging technologies such as the metaverse, blockchain, utility tokens, virtual asset wallets, nonfungible tokens, DAOs, decentralized applications, and other Web3-related businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. 2, according to a press release. The new rules aim to provide the crypto industry with much-needed regulatory clarity and position Abu Dhabi as the second crypto [&hellip;]<\/p>\n","protected":false},"author":1250,"featured_media":370999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[77488],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology<\/title>\n<meta name=\"description\" content=\"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology\" \/>\n<meta property=\"og:description\" content=\"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T16:15:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T16:11:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/11\/abu-dhabi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Assad Jafri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Assad Jafri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\"},\"author\":{\"name\":\"Assad Jafri\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/3db28ca07ba41170a9d49a2e887d4882\"},\"headline\":\"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology\",\"datePublished\":\"2023-11-03T16:15:45+00:00\",\"dateModified\":\"2023-11-03T16:11:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\"},\"wordCount\":374,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"uae\"],\"articleSection\":[\"Regulation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\",\"url\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\",\"name\":\"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2023-11-03T16:15:45+00:00\",\"dateModified\":\"2023-11-03T16:11:33+00:00\",\"description\":\"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"NewsMediaOrganization\"],\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"actionableFeedbackPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/3db28ca07ba41170a9d49a2e887d4882\",\"name\":\"Assad Jafri\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg\",\"caption\":\"Assad Jafri\"},\"description\":\"AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.\",\"url\":\"https:\/\/cryptoslate.com\/author\/assad-jafri\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology","description":"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/","og_locale":"en_US","og_type":"article","og_title":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology","og_description":"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.","og_url":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/","og_site_name":"CryptoSlate","article_published_time":"2023-11-03T16:15:45+00:00","article_modified_time":"2023-11-03T16:11:33+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/11\/abu-dhabi.jpg","type":"image\/jpeg"}],"author":"Assad Jafri","twitter_card":"summary_large_image","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Assad Jafri","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/"},"author":{"name":"Assad Jafri","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/3db28ca07ba41170a9d49a2e887d4882"},"headline":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology","datePublished":"2023-11-03T16:15:45+00:00","dateModified":"2023-11-03T16:11:33+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/"},"wordCount":374,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["uae"],"articleSection":["Regulation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/","url":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/","name":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2023-11-03T16:15:45+00:00","dateModified":"2023-11-03T16:11:33+00:00","description":"The Emirate of Abu Dhabi is making moves to establish itself, alongside Dubai, as a second crypto hub in the UAE.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/abu-dhabi-institutes-comprehensive-regulatory-framework-for-digital-ledger-technology\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":["Organization","NewsMediaOrganization"],"@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","actionableFeedbackPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/3db28ca07ba41170a9d49a2e887d4882","name":"Assad Jafri","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg","caption":"Assad Jafri"},"description":"AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.","url":"https:\/\/cryptoslate.com\/author\/assad-jafri\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/370990"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1250"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=370990"}],"version-history":[{"count":6,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/370990\/revisions"}],"predecessor-version":[{"id":371011,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/370990\/revisions\/371011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/370999"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=370990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=370990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=370990"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=370990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}