The UAE is taking steps to boost the growth of its blockchain industry by introducing a regulatory framework that provides clarity and certainty for businesses operating in the cryptocurrency space. The Dubai Financial Services Authority (DFSA) has established a licensing regime for cryptocurrency-related businesses, while the Abu Dhabi Global Market (ADGM) has released a consultation paper for distributed ledger technology (DLT) projects and decentralized autonomous organizations (DAOs). These initiatives aim to create a supportive environment for blockchain innovation, attract companies to set up in the region, and promote economic growth.

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