A new association focused on blockchain and cryptocurrency has been established in Abu Dhabi’s free economic zone to advance the development of blockchain and crypto ecosystems throughout the Middle East, North Africa, and Asia.
The Middle East, Africa, and Asia Crypto and Blockchain Association (MEAACBA) was launched on November 8 at the Abu Dhabi Global Market (ADGM), which is a free economic zone in city center governed by its own set of commercial and civil laws.
The zone was formed to support the advancement of fintech companies in the UAE. According to its website, the nonprofit organization will strive to create commercial opportunities, facilitate regulatory solutions, and invest in education to enable industry growth.
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The founder of a Dubai-based international risk and compliance consulting firm, Jehanzeb Awan, will lead the association.
Other association members include Stuart Isted, Crypto.com’s Middle East and Africa general manager; Richard Teng, regional head of Binance’s Middle East and North Africa (MENA); and CEO of BitOasis, Ola Doudin.
