Abu Dhabi has launched a new crypto and blockchain association titled Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA).
The association has been established to develop accessible, transparent, and compliant crypto-blockchain ecosystems. To add on that, it is a not-for-profit member-driven organization that has cross-industry representation with a focus on education, coordination, and innovation for participants across the crypto and blockchain ecosystem.
The association’s board chairman Jehanzeb Awan commented on this decision saying, “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.”
Awan also stated that the success of businesses will be delivered by industry experts sharing knowledge through webinars, courses, and events.
He further stated, “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 center of the emirate.
According to ADGM’s chairman Ahmed Jasim Al Zaabi, the decision by MEAACBA to incorporate ADGM is a clear acknowledgment of the progressive regulations the ADGM has built, to enable the development of technological innovation in crypto.
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 emphasized.
The association has also appointed J. Awan & Partners to provide secretariat services.
MEAACBA’s debut comes ahead of the 2022 Abu Dhabi Finance week, run by ADGM.