99Bitcoin\u2019s Arijit Mukherjee reports from Abu Dhabi Finance Week (ADFW) as David Cameron and Richard Teng speak, and asks is crypto MENA the next global hub?<\/p>\n
The highly anticipated eighth edition<\/a> of Fintech Abu Dhabi has returned this year, reaffirming its status as the Middle East\u2019s biggest fintech festival. With a key focus on payments, digital assets, digital security, and credit, the event attracted global tech leaders, tech innovators, banking institutions, developers, entrepreneurs, and investors, projecting Abu Dhabi\u2019s position as an international hub for financial innovation.\u00a0<\/span><\/p>\n \u201c<\/span>Fintech Abu Dhabi exemplifies our dedication to innovation, bringing global visionaries together to shape the future of finance and technology. We aim to facilitate meaningful conversations that continue to strengthen a thriving ecosystem coupled with progressive frameworks and a dynamic business environment,\u201d said Salem Mohammed Al Darei<\/a>, CEO of ADGM Authority.<\/span><\/p>\n \u201cBy cultivating this, we have enabled collaborations where innovation in finance and technology could flourish and reinforce Abu Dhabi\u2019s position as a leading hub for financial innovation and technology.<\/span>\u201c<\/span><\/p>\n EXPLORE:\u00a0<\/span>What Are Crypto AI Coins? A Beginner\u2019s Guide<\/span><\/a><\/strong><\/p>\n Numerous sessions and high-profile forums highlighted key trends within the sector. In a packed session,\u00a0Lord David Cameron,\u00a0the\u00a0Former Prime Minister of the UK, talked about key policies and\u00a0decisions undertaken in the UK a decade ago that are still paying dividends.<\/p>\n A keynote address by Paul\u00a0Kayrouz, Chief Fintech Officer at the Central Bank of the UAE,\u00a0shed light on\u00a0\u2018Seeding Success: The UAE as a Global Fintech Hub,\u2019\u00a0while the fireside chat on\u00a0\u2018Investing in AI: What Does the Next World Look Like?\u2019\u00a0with\u00a0H.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<\/span>\u00a0its impact on industries such as finance and health.<\/p>\n On stage, Richard Teng, CEO of Binance, and Jeremy Allaire, CEO of Circle Internet Financial \u2013 \u2014the issuer of USDC, unveiled a strategic partnership on ADFW\u2019s stage that will accelerate global USDC and crypto adoption.<\/p>\n “Art that sparks conversation about blockchain” at @ADFinanceWeek<\/a> <\/p>\n An exhibition curated along two themes\u2026<\/p>\n Art that leverages the blockchain as a medium<\/p>\n Featuring @mathcastles<\/a> @crashblossom1<\/a> @0xShiroi<\/a> @figure31_<\/a> @0xmons<\/a> @harmvddorpel<\/a> @rutgervandertas<\/a> @I____felix____I<\/a> pic.twitter.com\/OFkh3ULuxa<\/a><\/p>\n \u2014 Omz (@omz_nft) December 10, 2024<\/a><\/p>\n\n Other key participants included Lily Lui \u2013 President of Solana Foundation, Konstantin Richter \u2013 CEO of Blockdaemon, Jonathan Levin, Co-founder and CSO of Chainalysis, Rebecca\u00a0Rettig \u2013 Chief Legal & Policy Officer at Polygon Labs and Angela Walker \u2013 Global Head of Banking & Capital Markets at Chainlink Labs.<\/p>\n A panel discussion, \u2018Has the Unicorn Machine Stopped Working?\u2019 discussed the emergence of new unicorns in fintech despite challenges in the venture capital market and examined if further growth can be sustained or if consolidation is necessary. For this discussion, representatives from FJ Labs, VentureSouq, Airwallex and Financial Technology Partners took to the stage.<\/p>\n The \u2018Building the Digital Assets Ecosystem\u2019 panel included renowned names such as Sebastien\u00a0Danloy \u2013 CBO at Euroclear Group, Nadine\u00a0Chakar \u2013 Managing Director & Head of Global Digital Assets at Depository Trust & Clearing Corporation, Domenico Nardelli \u2013 Treasurer at Asian Infrastructure Investment Bank (AIIB) and Marianne\u00a0Demarchi \u2013 Chief Executive EMEA at Swift.<\/p>\n EXPLORE:\u00a0<\/span>Top 10 Best AI Trading Bots for Crypto in August 2024<\/span><\/a><\/strong><\/p>\n ADGM is the region\u2019s first jurisdiction to establish a comprehensive regulatory framework for spot virtual asset activities, encompassing multilateral trading facilities, brokers, custodians, asset managers, and other intermediaries. <\/span><\/p>\n Also, ADGM\u2019s DLT Framework is tailored for Blockchain Foundations, Decentralised Autonomous Organisations (DAOs), Web3 entities, and traditional Foundations, enabling them to operate and issue tokens in alignment with blockchain industry needs.<\/span><\/p>\n IOTA Becomes the First Fully Regulated Crypto Foundation in UAE: #UAE<\/a> #IOTA<\/a> #ADFW<\/a> #ADFW2023<\/a> cc @IOTA<\/a> @ADGlobalMarket<\/a> #crypto<\/a> #cryptocurrency<\/a> #blockchain<\/a> pic.twitter.com\/aD3kP7rWFR<\/a><\/p>\n \u2014 Ayelet Noff (@AyeletNoff) November 29, 2023<\/a><\/p>\n\n This first-of-its-kind framework reinforces ADGM\u2019s strategy to drive innovation in blockchain and digital assets while setting a global benchmark.<\/span><\/p>\n The event has witnessed over\u00a030 Memorandums of Understanding (MOUs) signed so far, with ADGM signing major MOUs with Palo Alto Networks and Ma\u2019an, and the IOTA Foundation has become the first fully regulated crypto foundation in the UAE.<\/span><\/p>\n EXPLORE:\u00a0<\/span>11 Best AI Crypto Coins to Invest in 2024<\/span><\/a><\/strong><\/p>\n Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n The post Direct From Abu Dhabi Finance Week: Is MENA The Next World Crypto Hub?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 99Bitcoin\u2019s Arijit Mukherjee reports from Abu Dhabi Finance Week (ADFW) as David Cameron and Richard Teng speak, and asks is crypto MENA the next global hub? The highly anticipated eighth edition of Fintech Abu Dhabi has returned this year, reaffirming its status as the Middle East\u2019s biggest fintech festival. With a key focus on payments, […]<\/p>\n","protected":false},"author":0,"featured_media":27899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27898"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27898"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27899"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What Trends Dominated at the ADFW Event: Crypto Hubs in Scope<\/strong><\/h2>\n
ADFW Sees Abu Dhabi Global Market Bid To Become New World Crypto Hub With 30 MOUs Signed<\/strong><\/h2>\n