NFT News Official TheBitTimes.com

Abu Dhabi introduces a trailblazing DLT regulatory framework, setting global standards for blockchain foundations and DAOs. Abu Dhabi Global Market (ADGM) has unveiled the Distributed Ledger Technology (DLT) Foundations Regulations 2023, establishing a pioneering legislative structure for blockchain and DAOs. The Registration Authority of ADGM announced that these regulations will help to bolster the blockchain and Web3 sector, thereby propelling the region and ADGM into the forefront of digital asset regulation . The DLT Foundations Regulations have been crafted to specifically address the complexities of the blockchain ecosystem, allowing for the operation and issuance of tokens by DAOs and blockchain foundations. In this regard, the UAE stands as the world’s first, setting a high bar for regulatory frameworks globally.  You might also like: Tellor account compromised after price surge ADGM emphasized that these regulations are critical as Abu Dhabi has rapidly bec...

Ledger CEO Pascal Gauthier said that anyone trying to centralize crypto will fail, saying that centralization and crypto are "two magnets that’s just not going to stick together." The collapse of major banks highlights the need for Bitcoin (BTC) and self-custody according to Pascal Gauthier, the CEO and Chairman of hardware wallet provider Ledger.  In an interview with Cointelegraph reporter Joseph Hall at the Paris Blockchain Week, Gauthier spoke about how recent events show how BTC can be a safe haven against the threat of central authorities. He explained that: “Bitcoin was designed in reaction to Lehman Brothers in the 2008 crisis. It was designed because you can't trust central authorities. And, it's designed because it's clear that central authorities will fail. It's not a question of if. It's more a question of when.” According to Gauthier, whenever incidents like Celsius, FTX and bank collapses happen, people, flock to self-custody and to crypto...