The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has pioneered the unveiling of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking a crucial phase in the regulatory evolution of digital assets both regionally and internationally. This innovative regime, revealed a day ago, is tailored to address the unique legal requisites of Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), and the encompassing crypto industry.
The establishment of this new regime showcases a progressive milestone, aligning with ADGM’s strategy of nurturing broader blockchain and digital asset initiatives. It’s aimed at fostering a transparent and efficient future across the blockchain and Web3 landscape. The DLT Foundations Regulations 2023 is perceived as a global benchmark being the world’s inaugural of its kind, setting a precedent for other regions to follow suit.
The legislation is…
