Introduction to Stacks Asia DLT Foundation
The Stacks Asia DLT Foundation has made history by becoming the first Bitcoin-based organization to establish a presence in the Middle East. This move is aimed at promoting the adoption of Bitcoin among institutions through expanded educational initiatives. The foundation has partnered with the Abu Dhabi Global Market (ADGM), one of the world’s fastest-growing financial centers, to achieve this goal.
Partnership with ADGM
The partnership between Stacks Asia and ADGM is expected to play a significant role in shaping the future of Bitcoin’s programmability and adoption in the Middle East and Asia. The two organizations will work together to create educational programs and support Bitcoin builders in the region. This collaboration will make it easier for institutions and investors to participate in the growing Bitcoin economy and set new standards for regulatory clarity and technical growth.
Goals and Objectives
According to Kyle Ellicott, executive director at Stacks Asia DLT Foundation, the partnership will enable the launch of educational programs, regional developer communities, and create opportunities for the real-world adoption of Bitcoin-powered applications. The foundation will host a series of live and virtual events starting in May to empower institutions with the knowledge to integrate Bitcoin into their operations. These events will focus on the opportunity of productive Bitcoin capital and how to capitalize on it.
Regulatory Environment
The Stacks Foundation is also pushing for a progressive regulatory environment worldwide. The organization is engaged in global conversations, advocating for frameworks that balance decentralization, security, innovation, and compliance surrounding the unlocking of Bitcoin capital. A key part of this strategy involves knowledge sharing with local regulatory bodies to build understanding among government officials about Bitcoin’s characteristics and potential economic impact.
Bitcoin Capital Activation Framework
The foundation is developing the Bitcoin Capital Activation Framework, a comprehensive policy blueprint to help regulators enable Bitcoin utility in their jurisdictions. This framework will provide a roadmap for governments to follow in order to create a favorable environment for Bitcoin adoption. Additionally, the Stacks Foundation will launch the Bitcoin Policy Bridge in May, a working group uniting regulators from all key jurisdictions across the Middle East and Asia.
Conclusion
In conclusion, the partnership between Stacks Asia DLT Foundation and ADGM is a significant step towards promoting Bitcoin adoption in the Middle East and Asia. The foundation’s efforts to create a progressive regulatory environment and provide educational programs will help to increase awareness and understanding of Bitcoin’s potential. As the leading Bitcoin scalability solution, Stacks is well-positioned to play a key role in shaping the future of the financial landscape. With its commitment to education, regulation, and innovation, the Stacks Asia DLT Foundation is poised to make a lasting impact on the world of Bitcoin and beyond.
