Blockchain association launched in the Middle East, Asia and Africa in Abu Dhabi

A new blockchain body has been launched with support from industry leaders in the Middle East region, including figures from Binance, Crypto.com and the largest crypto exchange in the region.
New
A new blockchain and cryptocurrency-focused association has been launched within the Abu Dhabi Free Economic Zone. It aims to foster the development of blockchain and crypto ecosystems in the Middle East, North Africa and Asia regions.

The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on November 8 in the Abu Dhabi Global Market (ADGM), a free economic zone based in the center of the city subject to its own all civil and commercial law. The zone was designed to foster the growth of fintech businesses in the United Arab Emirates (UAE).

The nonprofit will aim to facilitate regulatory solutions, create business opportunities and invest in education to support industry growth, according to its website.

The association will be led by Chairman of the Board Jehanzeb Awan, founder of an international risk and compliance consultancy firm headquartered in Dubai.

Other supporters of the association include Binance Regional Head for the Middle East and North Africa (MENA), Richard Teng, Crypto.com Managing Director for the Middle East and Africa , Stuart Isted, and Ola Doudin, the CEO of BitOasis, a cryptocurrency exchange in the region.

Awan said he hopes the organization will bring a collaborative, community-based approach to further industry growth in the MENA region and “create far-reaching benefits for this highly dynamic and exciting space.”< /p>
“The industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax and consulting firms to address the most pressing challenges,” he said. -it added.

ADGM Chairman Ahmed Jasim Al Zaabi also said the addition of MEAACBA would contribute to a “more progressive financial sector” in the region.

Related:

Crypto Nov 9, 2022 0 77 Add to Reading List

Blockchain association launched in the Middle East, Asia and Africa in Abu Dhabi

A new blockchain body has been launched with support from industry leaders in the Middle East region, including figures from Binance, Crypto.com and the largest crypto exchange in the region.

Middle East, Asia and Africa blockchain association launches in Abu Dhabi

New

A new blockchain and cryptocurrency-focused association has been launched within the Abu Dhabi Free Economic Zone. It aims to foster the development of blockchain and crypto ecosystems in the Middle East, North Africa and Asia regions.

The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on November 8 in the Abu Dhabi Global Market (ADGM), a free economic zone based in the center of the city subject to its own all civil and commercial law. The zone was designed to foster the growth of fintech businesses in the United Arab Emirates (UAE).

The nonprofit will aim to facilitate regulatory solutions, create business opportunities and invest in education to support industry growth, according to its website.

The association will be led by Chairman of the Board Jehanzeb Awan, founder of an international risk and compliance consultancy firm headquartered in Dubai.

Other supporters of the association include Binance Regional Head for the Middle East and North Africa (MENA), Richard Teng, Crypto.com Managing Director for the Middle East and Africa , Stuart Isted, and Ola Doudin, the CEO of BitOasis, a cryptocurrency exchange in the region.

Awan said he hopes the organization will bring a collaborative, community-based approach to further industry growth in the MENA region and “create far-reaching benefits for this highly dynamic and exciting space.”< /p>

“The industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax and consulting firms to address the most pressing challenges,” he said. -it added.

ADGM Chairman Ahmed Jasim Al Zaabi also said the addition of MEAACBA would contribute to a “more progressive financial sector” in the region.

Related: