Stacks Asia DLT Foundation has registered in Abu Dhabi, becoming the first Bitcoin-based organization in the region. This event supports the dissemination of layer-2 technologies.
Objectives and Achievements
Stacks Asia DLT Foundation aims to support the expansion of Bitcoin layer-2 technologies across the Middle East and Asia. The foundation will use the framework of the Regulated Distributed Ledger Technology, known for its flexibility.
Regional Collaboration
The foundation plans to collaborate with regional partners to run educational programs and support Bitcoin development. It will engage with policymakers to shape regulations around digital assets and Bitcoin usage.
Impact on Bitcoin Development
The registration of Stacks is expected to affirm the region's growing role in the development of Bitcoin layer-2 technologies and the creation of new financial applications. This is particularly relevant given the increasing interest in Bitcoin in Asia and the Middle East.
The registration of Stacks Asia DLT Foundation in Abu Dhabi opens new opportunities for the development of Bitcoin technologies and their integration into the regional economy.
