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Abu Dhabi’s proactive regulatory approach is doing this for its crypto industry
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The cryptocurrency industry is struggling in the face of regulatory uncertainty, in several countries around the world, including United States. However, Abu Dhabi’s crypto space is flourishing owing to a robust legal framework.
Abu Dhabi Global Market (ADGM) currently has three licensed cryptocurrency exchanges. According to the financial hub’s regulators, three more are in the pipeline for a soft launch. Further, dozens of other exchanges are waiting for approval.
In an interview with local media, Financial Services Regulatory Authority Chief Executive, Emmanuel Givanakis said, “the next few launches” are expected to take place in the first half of next year, subject to final approvals.
He also informed that apart from these, six more
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