Crypto:
35277
Bitcoin:
$122.070
% 4.93
BTC Dominance:
%63.9
% 0.16
Market Cap:
$3.82 T
% 3.71
Fear & Greed:
74 / 100
Bitcoin:
$ 122.070
BTC Dominance:
% 63.9
Market Cap:
$3.82 T

Stacks Asia Partners with Abu Dhabi to Propel Bitcoin Adoption

stacks asia

Stacks Asia DLT Foundation has formed a strategic alliance with Abu Dhabi Global Market (ADGM) to simplify institutional participation in the Bitcoin economy.

Through this collaboration, Stacks and ADGM aim to facilitate smoother access for institutions and investors to the burgeoning Bitcoin economy, while establishing new standards in regulatory clarity and technical advancements. According to Kyle Ellicott, Executive Director of Stacks Asia DLT Foundation, this partnership will play a crucial role in accelerating Bitcoin adoption in the region.

Strengthening Bitcoin’s Position in the Middle East and Asia

In his remarks, Kyle Ellicott emphasized the significance of ADGM, a leading global financial center located in the heart of the United Arab Emirates. Ellicott noted that ADGM is known as the “Capital of Capital”, bringing together financial innovation and investment to influence the future of the financial sector.

The partnership will create opportunities for increased real-world adoption of Bitcoin-powered applications and the development of regional developer communities through targeted educational initiatives.

Starting in May, Stacks Foundation will host a series of live and virtual events aimed at equipping institutions with the knowledge to integrate Bitcoin into their operations. Ellicott also stressed the importance of these events in unlocking opportunities related to productive Bitcoin capital.

Advocating for Progressive Global Bitcoin Regulations

As the leading scalability solution for Bitcoin, Stacks is also pushing for progressive global regulations that will secure Bitcoin’s role in the financial landscape of the future.

“We are not just focused locally — our team is actively engaged in global discussions, advocating for regulatory frameworks that balance decentralization, security, innovation, and compliance in unlocking Bitcoin capital,” said Ellicott, emphasizing Stacks’ involvement in global regulatory developments.

The foundation’s strategy includes knowledge-sharing with local regulatory bodies to enhance the understanding of Bitcoin’s characteristics and its potential economic impact among government officials.

Introducing the Bitcoin Capital Activation Framework

In addition, Stacks Foundation is working on the Bitcoin Capital Activation Framework, a comprehensive policy proposal designed to help regulators enable Bitcoin’s broader use across different regions. This initiative aims to guide global regulators in facilitating Bitcoin’s efficient application.

The Bitcoin Policy Bridge will also be launched in May, bringing together regulators from key regions across the Middle East and Asia. This group is expected to drive forward key advancements in Bitcoin adoption and regulatory standards.


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