In Brief Abu Dhabi bans cryptocurrency mining on farms, imposing penalties up to AED 10,000 for violators. Regulation aims to preserve agricultural land integrity, ensuring resources aren’t diverted for mining. Despite ban, UAE remains a key player in the global Bitcoin mining landscape with 400 MW capacity. The Abu Dhabi Agriculture and Food Safety Authority…
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The partnership aims broaden ADGM’s blockchain and Web3 ecosystem in Abu Dhabi by exploring joint initiatives and projects. The Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding (MOU) with the Solana Foundation to drive the adoption of Distributed Ledger Technology (DLT) solutions and propel blockchain innovation, according to a Feb. 7 press…
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