Glosi Asia joins the global market Abu Dhabi to increase the growth of bitcoin l2

The Asia DLT Foundation became the first basis based on Bitcoin for registration in the global market Abu Dhabi.

Moving aims to support the expansion of bitcoin (Btc) Layer-2 technology through the Middle East and Asia.

The Foundation will use ADGM distributed main technology foundations framethat is recognized by flexibility.

Kyle Ellicott, Interim Executive Director of the Asia DLT Foundation, said The decision is based on ADGM support for innovation and alignment of blockschain with bunches (Stk) Ecosystem goals.

Stacy are a Bitcoin Laier-2 Platform This extends the functionality of bitcoin without changing its basic network. His expansion in ADGM monitors regulatory approval from the US Securities and Replacement Commission, strengthening its regulatory position.

Regional cooperation

Foundation Asia DLT plans to cooperate with regional partners to launch education programs and support for Bitcoin development. It will also cooperate with policy makers to shape regulations around digital assets, a service program for Bitcoin and products that provide yield.

Ellicott said that the foundation would use your base in ADGM to connect activities between Asia-Pacific and UAE, with Hong Kong, which serves as a hub. The group will focus on the promotion of Bitcoin programs and supporting innovations in the Bitcoin Applications.

The Foundation also plans to build on Recent start of SBTCA 1: 1 means for support for stacking mainthnet.

SBTC allows users to participate in decentralized finances such as lending and trading during the Bitcoin’s security model.

Hamad Saiah Al Mazrouei, the Director General for Adgm Registration, said the registration of Stacks shows the growing role of the region in digital property and the development of the Bitcoin-2 layer.

Movement comes as an interest in Bitcoin-based technologies continue to grow through Asia and in the Middle East.