Stacks Asia DLT Foundation has become the first Bitcoin-focused group to officially set up in the Middle East. They partnered with the Abu Dhabi Global Market (ADGM), a fast-growing financial center, to help promote Bitcoin use among institutions and investors in the Middle East and Asia.
The partnership will focus on educating companies and developers about Bitcoin's potential, supporting Bitcoin builders, and pushing for clear regulations. Starting in May, Stacks will host live and online events to teach institutions how to use Bitcoin in their businesses.
Kyle Ellicott, executive director at Stacks Asia, said the goal is to help Bitcoin grow through real-world applications and smart rules that support innovation while keeping security and decentralization.
Stacks is also working globally to create better Bitcoin policies, including launching a Bitcoin Policy Bridge in May, which will bring together regulators from across the Middle East and Asia. They are also creating the Bitcoin Capital Activation Framework, a guide to help governments use Bitcoin in their economies.
Earlier this year, ADGM also partnered with the Solana Foundation to help grow blockchain technology.
Disclaimer: This article is for information only and not financial advice.
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