ADGM launches crypto hub at Abu Dhabi Finance Week 2022

By Shilpa Annie Joseph, Official Reporter
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Abu Dhabi Crypto Hub
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The Abu Dhabi Global Market (ADGM), the leading international financial center (IFC) of the UAE’s capital, has launched Abu Dhabi Crypto Hub, a web-based interactive platform that provides users access to information and connects with the financial center’s existing virtual asset firms.

The virtual platform was launched during Abu Dhabi Finance Week (ADFW 2022). The event conducted sessions and panel discussions under the overarching theme of “Crypto Abu Dhabi” in its third day.

Given the rapid emergence of new virtual assets such as cryptocurrencies and other related assets, ADGM is leading the way to introduce progressive frameworks and regulations around these technologies and developments.

The launch of the “Abu Dhabi Crypto Hub” is an important representation of the strategic initiatives taken by ADGM in support of economic diversification and the growing role of Abu Dhabi as a financial hub, addressing the current and future needs of the market through innovative technologies, as per the statement.

ADGM said that, “Crypto Abu Dhabi served as a vital platform to facilitate the assembly of the global crypto, blockchain and decentralized finance entities and elaborated on some of the most disruptive financial technology of our age, while also discussing and planning the long-term growth and development goals of an exciting, dynamic and forward-looking sector of the financial industry.”

Another milestone launch at Crypto Abu Dhabi was the “The Future of Finance” youth circle, which included various elements and activities around it to enable communication-related to finance between leadership and young individuals.

“These communications facilitated the transfer of knowledge, inspiring them to start their careers in the financial sector,” according to the statement.

Related: Blockchain giant Binance gets Financial Services Permission from ADGM FSRA