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prasad11
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Does anyone know that what is going to happen ?
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prasad11
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$TRUMP Trump coin value will be growing in next 24 hours because trump is a very lucky name I think lot of crypto traders will buy this coin and use it tomorrow What do you say?
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#AbuDhabiStablecoin In Abu Dhabi, there's significant activity around stablecoins. Here's a brief overview: Dirham-Pegged Stablecoin: * A consortium of major Abu Dhabi institutions, including ADQ, First Abu Dhabi Bank (FAB), and International Holding Company (IHC), recently announced plans to launch a stablecoin pegged to the UAE Dirham (AED). * This stablecoin aims to be regulated by the Central Bank of the UAE (CBUAE). * It will operate on the ADI blockchain, developed by the ADI Foundation. * The goal is to facilitate digital transactions, support machine-to-machine and AI applications, and position the UAE as a leader in blockchain innovation. * FAB is expected to be the issuer of this digital currency. Regulatory Landscape: * The CBUAE has introduced the Payment Token Services Regulation, which came into effect in July 2024, covering stablecoins (referred to as "Payment Tokens"). This regulation applies across the UAE, excluding the financial free zones like DIFC and ADGM. * The Abu Dhabi Global Market (ADGM) has its own regulatory framework for "Fiat-Referenced Tokens (FRTs)," which are stablecoins pegged to fiat currencies. This framework, established by the Financial Services Regulatory Authority (FSRA) of ADGM, focuses on stability, transparency, and investor protection. * ADGM's framework explicitly permits USD-backed FRTs under strict reserve and compliance standards but requires a No Objection Certificate from the CBUAE for retail payments within the UAE. * Algorithmic stablecoins and privacy tokens are prohibited within ADGM. Overall Aim: * These initiatives indicate a strong push by Abu Dhabi and the wider UAE to develop a robust and regulated digital financial system. * The introduction of a dirham-backed stablecoin and clear regulatory frameworks aims to foster innovation, enhance digital infrastructure, and provide new financial opportunities within the region and globally. * UAE aims to become a leading hub for fintech and digital assets. This is good country that trying to reach good level in crypto currency world your idea please
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