Stacks Asia DLT Foundation has partnered with the Abu Dhabi Global Market (ADGM) to promote institutional Bitcoin adoption in the Middle East and Asia. This move aims to boost the adoption of Bitcoin (BTC) layer-2 (L2) solutions in the region. The partnership will focus on educational initiatives to support Bitcoin builders and facilitate participation in the growing Bitcoin economy. Through this collaboration, Stacks and ADGM aim to set new standards for regulatory clarity and technical growth in the global Bitcoin capital. Kyle Ellicott, executive director at Stacks Asia DLT Foundation, highlighted the significance of the partnership in accelerating Bitcoin adoption across the Middle East and Asia. The foundation will host a series of events starting in May to empower institutions with the knowledge to integrate Bitcoin into their operations. Stacks Foundation is also advocating for progressive global regulations to secure Bitcoin’s role in the future financial landscape. The foundation is engaging in discussions with regulatory bodies and developing a Bitcoin Capital Activation Framework to enable Bitcoin utility in various jurisdictions. In addition, the foundation will launch the Bitcoin Policy Bridge in May to unite regulators from key jurisdictions in the Middle East and Asia. This initiative follows ADGM’s memorandum of understanding with the Solana Foundation to advance distributed ledger technology development. Overall, the partnership between Stacks Asia and ADGM marks a significant step towards promoting Bitcoin adoption and regulatory clarity in the Middle East and Asia.
Posted in
JUST IN