The Abu Dhabi Global Market (ADGM) Registration Authority has introduced comprehensive regulations governing Web3 organizations. The international financial free zone’s regulatory framework is “purpose-built” and the first of its kind, the agency claimed. The Distributed Ledger Technology (DLT) Foundations Regulations will provide for the operation of blockchain foundations, Web3 entities, decentralized autonomous organizations (DAOs) and traditional foundations…

The Dubai Financial Services Authority (DFSA) recognized two more tokens on Nov. 2, adding XRP and Toncoin (TON) to its list of recognized tokens. They join Bitcoin, Ether and Litecoin as coins recognized in the Dubai International Financial Centre (DIFC). The tokens’ new status will allow financial institutions in the DIFC to carry out transactions with them. There…

Former FTX CEO Sam Bankman-Fried was found guilty of all seven charges by a jury in his criminal trial in New York after about four hours of deliberations. Bankman-Fried was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy…