Close Menu
    Trending
    Bitcoin News

    Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub?

    Team_DailyCryptoNewsBy

    [ad_1]

    99Bitcoin’s Arijit Mukherjee experiences from Abu Dhabi Finance Week (ADFW) as David Cameron and Richard Teng communicate, and asks is crypto MENA the following international hub?

    The extremely anticipated eighth edition of Fintech Abu Dhabi has returned this yr, reaffirming its standing because the Center East’s greatest fintech competition. With a key concentrate on funds, digital belongings, digital safety, and credit score, the occasion attracted international tech leaders, tech innovators, banking establishments, builders, entrepreneurs, and traders, projecting Abu Dhabi’s place as a global hub for monetary innovation. 

    “Fintech Abu Dhabi exemplifies our dedication to innovation, bringing international visionaries collectively to form the way forward for finance and expertise. We intention to facilitate significant conversations that proceed to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic enterprise setting,” stated Salem Mohammed Al Darei, CEO of ADGM Authority.

    “By cultivating this, we’ve enabled collaborations the place innovation in finance and expertise may flourish and reinforce Abu Dhabi’s place as a number one hub for monetary innovation and expertise.“

    EXPLORE: What Are Crypto AI Coins? A Beginner’s Guide

    What Developments Dominated on the ADFW Occasion: Crypto Hubs in Scope

    Quite a few periods and high-profile boards highlighted key developments inside the sector. In a packed session, Lord David Cameron, the Former Prime Minister of the UK, talked about key insurance policies and selections undertaken within the UK a decade in the past which are nonetheless paying dividends.

    A keynote handle by Paul Kayrouz, Chief Fintech Officer on the Central Financial institution of the UAE, make clear ‘Seeding Success: The UAE as a International Fintech Hub,’ whereas the hearth chat on ‘Investing in AI: What Does the Subsequent World Look Like?’ with H.R.H. Prince Khaled bin Alwaleed bin Talal Al Saud, Founder & CEO of KBW Ventures, explored the promise of AI as a transformative asset class and its impression on industries similar to finance and well being.

    On stage, Richard Teng, CEO of Binance, and Jeremy Allaire, CEO of Circle Web Monetary – —the issuer of USDC, unveiled a strategic partnership on ADFW’s stage that can speed up international USDC and crypto adoption.

    Different key contributors included Lily Lui – President of Solana Basis, Konstantin Richter – CEO of Blockdaemon, Jonathan Levin, Co-founder and CSO of Chainalysis, Rebecca Rettig – Chief Authorized & Coverage Officer at Polygon Labs and Angela Walker – International Head of Banking & Capital Markets at Chainlink Labs.

    A panel dialogue, ‘Has the Unicorn Machine Stopped Working?’ mentioned the emergence of latest unicorns in fintech regardless of challenges within the enterprise capital market and examined if additional progress could be sustained or if consolidation is important. For this dialogue, representatives from FJ Labs, VentureSouq, Airwallex and Monetary Expertise Companions took to the stage.

    The ‘Constructing the Digital Belongings Ecosystem’ panel included famend names similar to Sebastien Danloy – CBO at Euroclear Group, Nadine Chakar – Managing Director & Head of International Digital Belongings at Depository Belief & Clearing Company, Domenico Nardelli – Treasurer at Asian Infrastructure Funding Financial institution (AIIB) and Marianne Demarchi – Chief Govt EMEA at Swift.

    EXPLORE: Top 10 Best AI Trading Bots for Crypto in August 2024

    ADFW Sees Abu Dhabi International Market Bid To Develop into New World Crypto Hub With 30 MOUs Signed

    ADGM is the area’s first jurisdiction to ascertain a complete regulatory framework for spot digital asset actions, encompassing multilateral buying and selling services, brokers, custodians, asset managers, and different intermediaries.

    Additionally, ADGM’s DLT Framework is tailor-made for Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), Web3 entities, and conventional Foundations, enabling them to function and subject tokens in alignment with blockchain trade wants.

    This primary-of-its-kind framework reinforces ADGM’s technique to drive innovation in blockchain and digital belongings whereas setting a worldwide benchmark.

    The occasion has witnessed over 30 Memorandums of Understanding (MOUs) signed to date, with ADGM signing main MOUs with Palo Alto Networks and Ma’an, and the IOTA Basis has turn into the primary absolutely regulated crypto basis within the UAE.

    EXPLORE: 11 Best AI Crypto Coins to Invest in 2024

    Join The 99Bitcoins News Discord Here For The Latest Market Updates

    The submit Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub? appeared first on 99Bitcoins.



    [ad_2]

    Source link

    Related Posts