MEAACBA will function as a non-profit organization, offering education and various innovations for local crypto companies.
The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA), launched in Abu Dhabi’s free economic zone, aims to develop an accessible, compliant, and transparent crypto-blockchain ecosystem.
According to the press release shared on November 8th, the association will function as a non-profit organization. It will focus on providing innovative approaches, education, and coordination to blockchain and crypto companies across the Middle East, North Africa, and Asia.
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When talking about the association, Board Chairman Jehanzeb Awan highlighted that MEAACBA aims to host various webinars, courses, and events to educate the global community about blockchain and crypto.
MEAACBA will bring the knowledge, connections and gravitas needed to create wide reaching benefits for this highly dynamic and exciting space. <...> The industry will benefit from the Association as it provides a coordination mechanism between regulators, government agencies, banks, legal, tax, and advisory firms to address the most pressing challenges.
The announcement highlighted that MEAACBA’s Board was formed from “highly respected industry specialists, such as Binance’s Regional Head of the Middle East and North Africa (MENA), Crypto.com General Manager for the Middle East, and Africa Stuart Isted. Moreover, the association is supported by an international financial center called Abu Dhabi Global Market (ADGM).
Binance Regional Head of MENA and Board Member Richard Teng highlighted:
<...> We welcome and want to be part of initiatives like MEAACBA which look to address the difficult questions through collaboration and education. The best way forward for our industry is to be inclusive and to build trust with our users.
Companies involved in the crypto and blockchain ecosystem, such as crypto exchanges, NFT/Metaverse firms, technology developers, and digital asset traders, can become members of MEAACBA.