99Bitcoin’s Arijit Mukherjee experiences from Abu Dhabi Finance Week (ADFW) as David Cameron and Richard Teng communicate, and asks is crypto MENA the following international hub?

The extremely anticipated eighth version of Fintech Abu Dhabi has returned this yr, reaffirming its standing because the Center East’s greatest fintech pageant. With a key concentrate on funds, digital property, digital safety, and credit score, the occasion attracted international tech leaders, tech innovators, banking establishments, builders, entrepreneurs, and traders, projecting Abu Dhabi’s place as a global hub for monetary innovation. 

“Fintech Abu Dhabi exemplifies our dedication to innovation, bringing international visionaries collectively to form the way forward for finance and know-how. We goal to facilitate significant conversations that proceed to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic enterprise surroundings,” mentioned Salem Mohammed Al Darei, CEO of ADGM Authority.

“By cultivating this, we’ve enabled collaborations the place innovation in finance and know-how may flourish and reinforce Abu Dhabi’s place as a number one hub for monetary innovation and know-how.“

EXPLORE: What Are Crypto AI Cash? A Newbie’s Information

What Developments Dominated on the ADFW Occasion: Crypto Hubs in Scope

Quite a few periods and high-profile boards highlighted key developments throughout the sector. In a packed session, Lord David Cameron, the Former Prime Minister of the UK, talked about key insurance policies and choices undertaken within the UK a decade in the past which are nonetheless paying dividends.

A keynote deal with by Paul Kayrouz, Chief Fintech Officer on the Central Financial institution of the UAE, make clear ‘Seeding Success: The UAE as a World Fintech Hub,’ whereas the fireplace chat on ‘Investing in AI: What Does the Subsequent World Look Like?’ with H.R.H. Prince Khaled bin Alwaleed bin Talal Al Saud, Founder & CEO of KBW Ventures, explored the promise of AI as a transformative asset class and its impression on industries comparable to finance and well being.

On stage, Richard Teng, CEO of Binance, and Jeremy Allaire, CEO of Circle Web Monetary – —the issuer of USDC, unveiled a strategic partnership on ADFW’s stage that can speed up international USDC and crypto adoption.

“Artwork that sparks dialog about blockchain” at @ADFinanceWeek

An exhibition curated alongside two themes…

Artwork that leverages the blockchain as a medium

That includes @mathcastles @crashblossom1 @0xShiroi @figure31_ @0xmons @harmvddorpel @rutgervandertas @I____felix____I pic.twitter.com/OFkh3ULuxa

— Omz (@omz_nft) December 10, 2024

Different key individuals included Lily Lui – President of Solana Basis, Konstantin Richter – CEO of Blockdaemon, Jonathan Levin, Co-founder and CSO of Chainalysis, Rebecca Rettig – Chief Authorized & Coverage Officer at Polygon Labs and Angela Walker – World Head of Banking & Capital Markets at Chainlink Labs.

A panel dialogue, ‘Has the Unicorn Machine Stopped Working?’ mentioned the emergence of latest unicorns in fintech regardless of challenges within the enterprise capital market and examined if additional development might be sustained or if consolidation is important. For this dialogue, representatives from FJ Labs, VentureSouq, Airwallex and Monetary Know-how Companions took to the stage.

The ‘Constructing the Digital Property Ecosystem’ panel included famend names comparable to Sebastien Danloy – CBO at Euroclear Group, Nadine Chakar – Managing Director & Head of World Digital Property at Depository Belief & Clearing Company, Domenico Nardelli – Treasurer at Asian Infrastructure Funding Financial institution (AIIB) and Marianne Demarchi – Chief Govt EMEA at Swift.

EXPLORE: Prime 10 Finest AI Buying and selling Bots for Crypto in August 2024

ADFW Sees Abu Dhabi World Market Bid To Change into New World Crypto Hub With 30 MOUs Signed

ADGM is the area’s first jurisdiction to ascertain a complete regulatory framework for spot digital asset actions, encompassing multilateral buying and selling services, brokers, custodians, asset managers, and different intermediaries.

Additionally, ADGM’s DLT Framework is tailor-made for Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), Web3 entities, and conventional Foundations, enabling them to function and concern tokens in alignment with blockchain business wants.

IOTA Turns into the First Absolutely Regulated Crypto Basis in UAE: #UAE #IOTA #ADFW #ADFW2023 cc @IOTA @ADGlobalMarket #crypto #cryptocurrency #blockchain pic.twitter.com/aD3kP7rWFR

— Ayelet Noff ❤️🐶 (@AyeletNoff) November 29, 2023

This primary-of-its-kind framework reinforces ADGM’s technique to drive innovation in blockchain and digital property whereas setting a world benchmark.

The occasion has witnessed over 30 Memorandums of Understanding (MOUs) signed to this point, with ADGM signing main MOUs with Palo Alto Networks and Ma’an, and the IOTA Basis has change into the primary totally regulated crypto basis within the UAE.

EXPLORE: 11 Finest AI Crypto Cash to Spend money on 2024

Be a part of The 99Bitcoins Information Discord Right here For The Newest Market Updates

Disclaimer: Crypto is a high-risk asset class. This text is supplied for informational functions and doesn’t represent funding recommendation. You might lose your whole capital.
99Bitcoins could obtain promoting commissions for visits to a prompt operator via our affiliate hyperlinks, at no added price to you. All our suggestions observe a radical evaluate course of.