Abu Dhabi

Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabi’s global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses. The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71’s dedicated Web3 and Digital Assets specialist…

Asian financial hub Dubai is set to have robust regulations governing the use of cryptocurrencies within its region. This was revealed by the Dubai Financial Services Authority (DFSA), the financial regulator for the emirate’s financial free zone. A legal framework for crypto-assets This latest development was revealed in the DFSA business plan released on Monday. According to the report, the DFSA will also regulate different digital assets, including security tokens and payment tokens. These regulations will cover crypto-assets and firms…