The Stacks Asia DLT Foundation became the first Bitcoin-based organisation to officially establish a presence in the Middle East. They aim to promote institution Bitcoin adoption via expanded educational initiatives.
Stacks Asia has partnered with the Abu Dhabi Global Market (ADGM) — one of the world’s fastest-growing financial centers — in a move that could boost the adoption of its Bitcoin (BTC) layer-2 (L2) solution In the Middle East, Asia and Africa.
New partnership to be formed “pivotal role” Bitcoins future is being shaped by the community. “programmability and adoption” According to an announcement made on April 28, Cointelegraph, the company will support Bitcoin developers and educational programs in these areas.
The collaboration between Stacks, the ADGM and the Bitcoin Foundation aims to help institutions and investors participate in the Bitcoin economy. “new standards for regulatory clarity and technical growth” Kyle Ellicott executive director of Stacks Asia DLT Foundation, says that the global Bitcoin capital is rising.
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“Stacks and ADGM are a powerful combination for accelerating Bitcoin adoption across the Middle East and Asia,” Ellicott, speaking to Cointelegraph and adding:
“ADGM has established itself as a world-class global financial hub at the heart of the United Arab Emirates, known as the ‘Capitol of Capital,’ where capital and innovation are brought together to shape the future financial landscape.”
“We’ll be working to enable the launch of educational programs, regional developer communities, and create opportunities for the real-world adoption of Bitcoin-powered applications,” He said.
The foundation is hosting a number of virtual and live events starting in May. “empower institutions” With the ability to learn how Bitcoin works and the benefits of using it, anyone can integrate Bitcoin into his or her business. “opportunity of productive Bitcoin capital,” Ellicott added.
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Stacks Foundation pushes for a “progressive” Global regulatory framework
Stacks, the world’s leading Bitcoin scalability solutions provider, is pushing progressive global regulation that will solidify Bitcoin’s place in the future financial landscape.
“We’re not just focused locally — our team is engaged in global conversations, advocating for frameworks that balance decentralization, security, innovation, and compliance surrounding the unlocking of Bitcoin capital,” Ellicott said.
The strategy includes knowledge-sharing with regulatory authorities to help build government understanding of Bitcoin’s features and economic impact.
The Foundation is also creating the Bitcoin Capital Activation Framework. This framework, which has been described as a comprehensive set of policies to assist regulators in enabling Bitcoin use within their jurisdictions.
The Stacks Foundation also plans to launch in May the Bitcoin Policy Bridge, a group of regulators representing all important jurisdictions within the Middle East, Asia and Africa.
This February, ADGM signed a memorandum Understanding with the Solana Foundation for the advancement of the distributed ledger technologies.
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Source: cointelegraph.com
