UAE issues DLT regulation allowing issuance of governance tokens

UAE’s Abu Dhabi Global Market after announcing its DLT token issuance consultation paper in April 2023 has now officially launched its new regulation that will allow DLT (Distributed Ledger Technology) Foundations, DAO (Decentralized Autonomous Organizations) to issue tokens. This means that DLT Foundation of Layer 1 or Layer 2 protocol Foundations can receive licenses from…