UAE Banks Federation (UBF) and Abu Dhabi Global Market (ADGM) have joined forces to host a fintech forum with a focus on discussing how cryptoassets are changing the global financial services sector. 


Judging by an article from Emirates News Agency, it seems as though the forum was absolutely brimming with enough blockchain and banking-related buzzwords to make anyone in the financial services sector salivate — including enough discussion on regulations, compliance, big data, machine learning, and financial surveillance to make everyone feel like they truly got their money’s worth.

Also discussed was “how financial regulators and banks can collaborate to develop processes and procedures to address regulatory risks in serving market participants operating crypto assets businesses” — despite the fact that Bitcoin (BTC), the first and foremost cryptocurrency, was created to eliminate the need for collaboration from regulators and banks.

This fact is not lost on the forum’s participants, however, as the report claims…

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Source: https://thebitcoinnews.com/bitcoins-disruptive-power-not-lost-on-uae-banks-federation-and-abu-dhabi-global-market/