26 June 2018, Abu Dhabi, UAE: Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation agreement today to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the United Arab Emirates (UAE). With this agreement, ADGM has established strategic FinTech collaborations with eleven leading regulators to advance innovation and FinTech growth globally.
The new ADGM crypto framework instils proper governance, oversight and transparency over crypto asset activities
25 June 2018, Abu Dhabi UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has today launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM. This follows the successful completion of a public consultation on the introduction of a robust crypto asset regulatory framework by ADGM Financial Services Regulatory Authority (FSRA) on 28 May 2018.
The Statement of Cooperation has been recently signed by the Chief Executive Officer of the Astana Financial Services Authority (AFSA) Mr. Stephen Glynn and Chief Executive of the Registration Authority of Abu Dhabi Global Market (ADGM) Mr. Dhaher Bin Dhaher Al Mheiri.
06 June 2018, Abu Dhabi, UAE: The Hong Kong Securities and Futures Commission and Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, have entered into a cooperation agreement to jointly promote and support financial services innovation in Hong Kong and the United Arab Emirates (UAE).
- 36 local and global FinTech applications accepted for review in the 3rd Cohort
- ADGM Reglab has received a total of 69 FinTech applications since launch that allows participants to live-test their solutions with real clients
- ADGM has the most active FinTech regulatory sandbox in the region and second most active regulatory sandbox globally
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, successfully concluded its 3rd round of applications for its Regulatory Laboratory (Reglab) programme with a total of 36 local and international new FinTech innovators offering potential solutions for the financial and small-medium enterprise (“SME”) sectors in the Middle East and Africa region.