RATE Group | New ecosystem for digital assets set to emerge in 2020 – News
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New ecosystem for digital assets set to emerge in 2020 – News

04 Jan New ecosystem for digital assets set to emerge in 2020 – News

Posted at 17:21h in Cryptocurrency News by

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Developments have not only created opportunity, but an environment that encourages retail, institutional digital asset with comfort and security

Investors of digital assets are extremely optimistic that 2020 will see the emergence of a strong ecosystem in the UAE.

The most recent one was Arabian Bourse (ABX), which received in-principal approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) as a crypto asset exchange and custodian.

The bourse announced that it received a double-digit multi-million dollar investment from HBK-GoChain. The announcement completes a significant milestone in the roadmap for the creation of a fully-regulated, first-of-its-kind crypto asset exchange and custodian that focuses on global institutional and retail traders.

The ABX and HBK-GoChain ecosystem will act as a bridge, integrating the region’s digital assets activity with other major digital asset centres around the world.

ABX is…

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