In Abu Dhabi a new blockchain body MEAACBA officially got launched.?Board members of MEAACBA are highly respected industry specialists from Binance, Crypto.com, BitOasis.

Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) which is a brand-new not-for-profit member-driven organization focused on blockchain and cryptocurrencies has officially got launched. The Association focuses on educating, coordinating, and innovating for participants in the crypto and blockchain ecosystem.

Abu Dhabi Global Market (ADGM), a free economic zone located in the city's core and governed by its own set of civil and commercial rules, has recently hosted the official inauguration of MEAACBA association.

The objective of this association is to advance accessible, transparent, and compliant crypto-blockchain ecosystems throughout the Middle East, North Africa, and Asia. The zone was built to support the progress of fintech businesses in the United Arab Emirates (UAE). The Association is supported by the Abu Dhabi Global Market (ADGM) which is the international financial center of the UAE capital.

All companies and individuals involved in the blockchain and crypto ecosystem in Middle East, Asia, and Africa including exchanges, custodians, consulting firms, technology developers, digital asset traders, and NFT/ Metaverse firms are eligible to join MEAACBA.

MEAACBA launches in advance of 2022 Abu Dhabi Finance Week, which shows how the UAE backs and supports Fintech companies, many of whom are already part of the crypto-blockchain ecosystem. The launch coincides with the publication in September of a set of "Guiding Principles" by the Financial Services Regulatory Authority (FSRA), the financial regulator of the ADGM’s free economic zone surrounding. It also adheres to some of the high international standards on anti-money laundering (AML) and counter-terrorism financing (CFT) that are set by the United Nations.