Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu Dhabi

Paxos Secures In Principle Approvals for Stablecoin Issuance and Crypto Services in Abu DhabiPaxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to the U.S. dollar and introduce crypto brokerage and custodial services in the Abu Dhabi […]

Bitcoin Halving: Marathon Uncovers New Strategy Beforehand

Recent reports from the Bitcoin mining firm Marathon Digital Holdings have revealed the firm’s latest strategies in advance of the forthcoming Bitcoin Halving event which is expected to take place in April 2024. Latest Approach Prior To Bitcoin Halving According to the press report, Marathon is embracing an International joint venture model as its latest […]

Abu Dhabi institutes comprehensive regulatory framework for Digital Ledger Technology

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) released tailor-made rules for the crypto industry called the Distributed Ledger Technology (DLT) Foundations Regulations 2023 on Nov. 2, according to a press release. The new rules aim to provide the crypto industry with much-needed regulatory clarity and position Abu Dhabi as the second crypto […]

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