ADGM launches pioneering DLT Foundations regime to bolster digital assets
Date: 2023-11-05 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Historical Breakthrough in Regulation
The Abu Dhabi Global Market (ADGM) has made a revolutionary step by announcing the launch of the DLT Foundations 2023 regulations. This course of action marks the beginning of a new era in the regulation of digital assets. Taking into account the unique legal aspects of blockchain funds and DAOs, the new regime creates a foundation for the integration of the crypto industry into the global economic system.
Development Strategy and Global Standards
The development of this regime is part of ADGM's strategic plan to promote blockchain technologies and digital assets. The main goal is to create a transparent and efficient future for blockchain and Web3. ADGM aims to act as a global leader, establishing standards that can serve as an example for other regions.
Legislation Development: Considering the Blockchain Industry
In the creation of the DLT Foundations regulations, the specific needs of the blockchain industry have been carefully considered. The legislation provides a stable foundation for the operation of DLT funds and DAOs, facilitating token issuance and supporting the move towards decentralized governance.
Looking to the Future: ADGM's Approach
His Excellency Ahmed Jasim Al Zaabi emphasized that the new regime is a monumental step and reflects the deep dialogue between various market parties. ADGM's initiative is aimed at shaping the future of blockchain and Web3 based on international standards and transparency.
Technological Innovations and Support for Crypto Initiatives
ADGM, acting as a renowned International Financial Centre (IFC), actively supports technological innovations. This creates a favorable environment for the prosperity of crypto initiatives and contributes to the further development of the digital asset sector.
