The Stacks Asia DLT Foundation became the first Bitcoin-based organization that established an official presence in the Middle East, aimed at promoting the adoption of Bitcoin institutional institution through expanded education initiatives.
Stacks Asia cooperated with the Abu Dhabi Global Market (ADGM) —is one of the fastest growing financial centers in the world-in a step that could boost its bitcoin adoption (Btc) Layer-2 (L2) solution In the Middle East and Asia.
The new collaboration will play a “important role” in shaping the future of “Programmability and Adoption” of Bitcoin in these regions through educational and support programs for Bitcoin builders, according to an April 28 announcement shared with the Cointelegraph.
Through collaboration, the stacks and the ADGM aim to make it easier for institutions and investors to participate in Bitcoin’s growing economy and help set “new standards for the clarity of technical regulation and growth” for rising global bitcoin capital, according to Kyle Ellicott, executive director at Stacks Asia Dtt Fundation.
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“Stacks and ADGM are a powerful combination for accelerating Bitcoin adoption throughout the Middle East and Asia,” Ellicott told Cointelegraph, added:
“ADGM has established itself as a global global financial hub in the middle of the United Arab Emirates, known as the ‘capital of capital,’ where capital and change are combined to form the future financial scenery.”
“We work to enable the launch of educational programs, regional developer communities, and create opportunities for the real world of adoption of Bitcoin-activated applications,” he said.
Beginning in May, the foundation will have a series of live and virtual events to “empower institutions” with knowledge to include Bitcoin in their operations and to know about the “chance of bitcoin productive capital,” Ellicott added.
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The Stacks Foundation that drives for a “progressive” regulatory environment worldwide
As the leading solution to Bitcoin’s scalability, the stacks also push for progressive global regulations that Bitcoin’s future role in the financial scene.
“Not only are we localized -our team is engaged in global conversations, promoting for frameworks to balance decentralization, security, change, and compliance around the unlocking of bitcoin capital,” Ellicott said.
A major component of the approach involves sharing knowledge with local bodies regulations to generate understanding government officials about the characteristics of bitcoin and potential economic impact.
The Foundation will also develop a Bitcoin capital activation framework, described as a comprehensive policy blueprint to help regulators enable Bitcoin’s utility to their constituents.
The Stacks Foundation will also launch the Bitcoin Policy Bridge in May, a working group of regulators from all major jurisdictions in the Middle East and Asia.
In February, ADGM has signed a memorandum Understanding the Solana Foundation to advance the development of ledger shared technology.
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