The Emirate of Abu Dhabi has established a comprehensive regulatory framework for digital ledger technology, positioning itself as the second crypto hub in the UAE alongside Dubai. The Registration Authority of Abu Dhabi Global Market (ADGM) has released the Distributed Ledger Technology (DLT) Foundations Regulations 2023, which aim to provide regulatory clarity for the crypto industry. The new framework addresses the legal requirements of blockchain foundations, decentralized autonomous organizations (DAOs), and the broader crypto industry. It allows DAOs and other digital ledger entities to operate legally in Abu Dhabi and issue tokens to their members. This move demonstrates the UAE’s commitment to being at the forefront of digital innovation. Abu Dhabi is actively competing with Dubai to establish itself as a cryptocurrency hub, offering clear and reliable regulations for companies in the sector. The regulatory framework in Abu Dhabi is distinct from those found in other parts of the world and presents an attractive option for businesses in the digital assets space.

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Information	Details
Geography	Middle East
Countries
Sentiment	positive
Relevance Score	1
People	Ahmed Jasim Al Zaabi
Companies	DAOs, Web3 community, ADGM, Dubai
Currencies	None
Securities	None