Abu Dhabi’s ADGM unveils DLT foundations regulations

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has officially unveiled the Distributed Ledger Technology (DLT) Foundations Regulations 2023, marking yet another milestone in the evolution of digital assets regulatory frameworks both regionally and internationally. <img alt="" src="https://miro.medium.com/v2/resize:fit:700/1*DptFyjIoy20XPPfxFHp8hQ.jpeg" style="height:467px; width:700px" /> Photo by <a href="https://unsplash.com/ko/@kamrog?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash" rel="noopener ugc nofollow" target="_blank">Kamil Rogalinski</a> on <a href="https://unsplash.com/ko/%EC%82%AC%EC%A7%84/%EB%B0%A4%EC%97%90-%EB%8F%84%EC%8B%9C%EC%9D%98-%EA%B3%B5%EC%A4%91%EB%B3%B4%EA%B8%B0-dgCUZNk2rvs?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash" rel="noopener ugc nofollow" target="_blank">Unsplash</a> <h1>Framework for DAOs and foundations</h1> The new regulations were <a href="https://en.adgm.thomsonreuters.com/rulebook/distributed-ledger-technology-foundations-regulations-2023" rel="noopener ugc nofollow" target="_blank">published</a> to the ADGM website on Wednesday, with enactment occurring on Thursday. This legislative framework has been crafted to offer a comprehensive structure for DLT foundations and decentralized autonomous organizations (DAOs), addressing their unique operational needs within the blockchain sector. ADGM’s strategic vision to promote initiatives in the broader blockchain and digital asset sphere has culminated in the creation of this regulatory regime. As a global first of its kind, the DLT foundations regulation sets a precedent for blockchain foundations, Web3 entities, DAOs and traditional foundations seeking to enhance their operations through DLT. This forward-thinking framework is poised to provide a unified solution for digital asset-related activities and the broader foundations landscape, fostering transparency and efficiency. <a href="https://medium.com/@coinness.gl/abu-dhabis-adgm-unveils-dlt-foundations-regulations-f682fa376937">Learn More</a>