Stacks Asia Expands Bitcoin‘s Reach in the Middle East
In a move that could significantly boost Bitcoin‘s adoption across the Middle East and Asia, the Stacks Asia DLT Foundation has partnered with the Abu Dhabi Global Market (ADGM). This collaboration marks the first official presence of a Bitcoin-based organization in the region, emphasizing the growing interest in Bitcoin‘s potential beyond traditional financial markets.
The ADGM, a prominent financial hub renowned for its progressive regulatory environment, is a strategic partner for Stacks Asia. Their shared vision is to empower institutions and investors to participate in the growing Bitcoin economy. This partnership aims to shape the future of Bitcoin‘s programmability and adoption through educational programs and support for Bitcoin builders in the region.
Building a Foundation for Institutional Bitcoin Adoption
Stacks Asia plans to host a series of live and virtual events starting in May. These events will equip institutions with the knowledge and tools to integrate Bitcoin into their operations. The focus will be on educating institutions about the benefits of productive Bitcoin capital, encouraging them to explore its potential beyond simple investment.
Recognizing the need for a clear regulatory framework, Stacks Asia is actively advocating for a progressive regulatory environment globally. This includes knowledge sharing with local regulatory bodies in the Middle East and Asia, fostering understanding about Bitcoin‘s characteristics and its potential economic impact. The foundation is also developing the Bitcoin Capital Activation Framework, a comprehensive policy blueprint to guide regulators in enabling Bitcoin utility within their jurisdictions.
A Bridge for Regulatory Collaboration
In May, Stacks Asia will launch the Bitcoin Policy Bridge, a working group bringing together regulators from key jurisdictions across the Middle East and Asia. This collaborative initiative aims to foster dialogue and exchange of best practices, ultimately shaping a more conducive environment for Bitcoin adoption.
The partnership between Stacks Asia and ADGM signifies a crucial step in bridging the gap between traditional finance and the burgeoning Bitcoin economy. This move highlights the potential of Bitcoin to transform financial systems and its growing appeal to institutions seeking innovative solutions.
“Stacks and ADGM are a powerful combination for accelerating Bitcoin adoption across the Middle East and Asia.” – Kyle Ellicott, Executive Director at Stacks Asia DLT Foundation.
