Abu Dhabi has launched a new crypto and blockchain association titled Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA), the association said in an emailed statement.
The move was taken to develop accessible, transparent, and compliant crypto-blockchain ecosystems.
The association is not-for-profit member driven organisation which has cross-industry representation with a focus on education, coordination, and innovation for participants across the crypto and blockchain ecosystem.
“MEAACBA will bring the knowledge, connections and gravitas needed to create wide reaching benefits for this highly dynamic and exciting space. We are dedicated to educating the global community and helping all businesses succeed and thrive,” the association’s board chairman Jehanzeb Awan said.
Awan said the success of businesses will be delivered by industry experts sharing knowledge through webinars, courses and events, adding that “the industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax and advisory firms to address the most pressing challenges. The Association will also promote responsible innovation through its ‘Moon-shot’ lab to which all participants can contribute.”
MEAACBA — which has been formed with a board of industry specialists from Binance, BitOasis among others — is supported by the Abu Dhabi Global Market (ADGM) the international financial centre of the emirate.
The association has also appointed J. Awan & Partners to provide secretariat services.
“The decision by MEAACBA to incorporate in ADGM is clear acknowledgement of the progressive regulations ADGM has built, to enable the development of technological innovation in crypto,” ADGM’s chairman Ahmed Jasim Al Zaabi said, adding ADGM will work closely with the association to support the development of crypto and blockchain ecosystems.
The MEAACBA membership is open to all companies and individuals across the Middle East, Asia and Africa regions, who are involved with the blockchain and crypto ecosystem.
“This includes but is not limited to exchanges, custodians, consulting firms, technology developers, digital asset traders and NFT/ Metaverse firms,” the statement said.
MEAACBA’s debut comes ahead of the 2022 Abu Dhabi Finance week, run by ADGM.
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