Blockchain Press Releases
ADGM Implements its Sustainable Finance Regulatory Framework
- ADGM has today implemented its sustainable finance regulatory framework, comprising the region’s most comprehensive ESG disclosure requirements and a regulatory framework for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions.
- The framework complements ADGM’s existing regulation of carbon offsets, facilitating the establishment of the world’s first regulated carbon offsets exchange and clearing house in ADGM.
- These measures reflect ADGM’s position as a leading sustainable finance hub in the year that the UAE hosts COP28.
- The new regulations will take effect immediately, reflecting the critical importance of advancing the green agenda in Abu Dhabi, the UAE and globally.
ABU DHABI, UAE, July 4, 2023 /PRNewswire/ — Abu Dhabi Global Market (ADGM) today announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities. The framework encompasses rules on sustainability-orientated investment funds, managed portfolios and bonds as well as requirements for environmental, social and governance (ESG) disclosures by ADGM companies. The measures will accelerate the growth of a sustainable finance ecosystem in the jurisdiction and support the UAE’s transition to net zero greenhouse gas emissions.
The framework for green and climate transition funds and portfolios, green and sustainability-linked bonds and sukuks is a significant step in enabling capital to be channelled towards financing the transition to net zero. In order to recognise products and services that are aiding the transition, ADGM will confer a designation on those that purport to meet its robust minimum standards. It will also permit ADGM’s “designation mark” to be used in marketing materials and client communications. A designation mark will provide investors with a level of confidence that those products and services purport to meet ADGM’s minimum standards, catalysing investors to channel capital towards the green transition.
In keeping with ADGM’s keen focus on stakeholder engagement, a feedback statement has also been issued that reflects on the meaningful feedback received and addresses the key issues raised in response to the consultation paper and through associated stakeholder engagements. The overwhelming support for its proposals from industry, including stakeholders who indicated their plans to launch products under the proposed framework, crystallised ADGM’s intention to proceed with one of the first and most comprehensive sustainable finance frameworks in the region.
The feedback statement reflects how industry engagement has not only helped to shape the framework as implemented but also provided a clear indication of the areas that ADGM will examine in a post-implementation review to be undertaken in 2025 as part of its commitment to further develop and refine its regulatory framework going forward. ADGM will continue to rely on input from its stakeholders to help shape its ecosystem into a world-class hub for sustainable finance and a significant enabler to further the UAE’s net zero strategic initiative.
The framework and its stakeholders are further supported by knowledge acceleration initiatives such as the School of Sustainable Finance and the Research Centre at the ADGM Academy.
His Excellency Dr. Sultan Al Jaber, President Designate of COP28 UAE said, “I warmly welcome ADGM’s regulatory framework for sustainable finance. The lack of available, accessible, affordable finance is putting the world’s climate goals and sustainable development at risk and addressing this issue is one of the top priorities of the COP28 Presidency. To make transformational progress, we need to shift gears in mobilizing private finance.”
“ADGM endeavours in advancing such a crucial initiative and in establishing a global hub for sustainable finance are highly commendable. This initiative will play a vital role in mobilizing capital for the transition to net zero not only in the UAE, but also in EMDEs, and will enable increased green transactions from local and global financial institutions.”
“I also welcome the ongoing work of the Sustainable Finance Working Group, chaired by ADGM and composed of UAE regulatory authorities, Federal Ministries and exchanges. These initiatives encompass joint efforts to advance frameworks for ESG disclosures, measures to require sustainability-focused corporate governance and the development of a UAE green taxonomy.”
“Finance is the key to turn good intentions into real results. The Paris Climate Agreement set our collective ambition, and we need initiatives such as ADGM’s Sustainable Finance Regulatory Framework to help us keep 1.5C within reach.”
His Excellency Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Global Market said, “In the year that the UAE is hosting COP28, ADGM proudly aligns its actions with those of the country’s leadership who have declared this year as the Year of Sustainability. We believe our regulatory framework for sustainable finance is the most comprehensive in the Middle East and South Asia region, and comparable in scope and content with the most comprehensive regulatory frameworks globally.”
“Our requirements, particularly those which set minimum standards for sustainability-focused products and services, will help to channel capital into projects and activities that advance the country’s transition to net zero. We are grateful to market participants for their feedback, which reflects the excellent relationship between ADGM and its stakeholders within our sustainable finance ecosystem. Their engagement will continue to be essential as ADGM actively supports the UAE’s progress towards its goal of net zero by 2050 and the continuing development of Abu Dhabi’s green falcon economy.”
The new sustainable finance regulatory framework is further supported by several ongoing initiatives of ADGM such as the Abu Dhabi Sustainable Finance Declaration which has over 100 signatories, and the School of Sustainable Finance at the ADGM Academy. ADGM FSRA’s regulatory amendment to the capital markets framework last year, introduced an environmental instrument as a class of financial instrument, allowing carbon offsets to come under its regulatory framework and AirCarbon Exchange, the world’s first regulated voluntary carbon exchange platform, to be established in the financial centre.
These strategic endeavours, combined with a regulatory framework for sustainability-focused funds, portfolios, bonds and sukuks, as well as requirements for ESG disclosure and the regulation of carbon offsets distinguish ADGM as a premier hub for sustainable finance.
For the legislation and guidance, click HERE.
For the feedback statement, click HERE.
For more information about ADGM’s sustainable finance and ESG initiatives, click HERE.
About Abu Dhabi Global Market (ADGM)
For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)
View original content:https://www.prnewswire.co.uk/news-releases/adgm-implements-its-sustainable-finance-regulatory-framework-301869564.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has further enhanced the digital payment experience for Bybit Card holders. Starting now, users in Brazil can now add their Bybit Card to their Apple Pay and make secure payments in seconds using Apple Pay’s built-in safeguards.
Since its launch in Sep. 2024, the Bybit Card recorded a 342% growth in user base in Brazil in less than a quarter. With among the highest crypto adoption rates in the world, Brazil is home to a vibrant crypto economy with growing demands for mature crypto on and off-ramp solutions.
Combining Bybit’s advanced crypto offerings and rewards, the Mastercard network’s global connectivity, and now Apple Pay’s added layers of safety and privacy standards, the Bybit Card offers a seamless and borderless crypto payment experience for Brazilian users, enabling contactless payments purchases in-store, in-app and online across Apple devices.
To set up the Bybit Card on Apple Pay, users may simply add the card to their personal Apple Wallet and access the crypto payment convenience wherever they are with their mobile devices.
The Apple Pay integration allows Bybit Card users to pay with and purchase crypto, bridging mainstream cryptocurrencies with over dozens of fiat currencies at competitive rates. This secure and convenient option incorporates the use of Apple’s Face ID, Touch ID, or passcodes alongside dynamic security codes for authentication. Valued for its safety, Apple Pay works through unique Device Account Numbers encrypted and stored in a Secure Element chip, keeping card details private and safe.
Loaded with regular cashback, flash rewards and other benefits, the Bybit Card offers a competitive option for crypto payment for everyday spendings:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
The welcome offer for Bybit Card remains available for users in Brazil: Deposit 100 USDT, Unlock 150 BRL!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576298/Bybit_Card_Now_Available_Apple_Pay_Brazil.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-now-available-on-apple-pay-in-brazil-302326227.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unlocked new perks for users in a rewarding year-end campaign. From now to Jan. 4, 2025, Bybit users may be entitled to cashback benefits by making a deposit using BCB, ZEN or BLIK on Bybit Fiat Deposit or One-Click Buy.
Offering eligible users 5 USDT in coupons, the event takes two simple steps: sign up for the event and make a deposit using BCB, ZEN or BLIK:
- New User Exclusive: Eligible users may make a first-time deposit valued at $100 or more via Bybit Fiat Deposit or One-Click Buy using any of the three channels to qualify.
- Existing User Perk: To qualify, current users must register for the event and deposit an equivalent to $500 via one of the three channels.
The coupons are distributed on a first come, first serve basis. Restrictions apply.
“The diversification of tools and access in the crypto ecosystem benefits our users and fosters healthy competition. We are committed to improving the quality and the ease of access to crypto across the industry, while crafting a rewarding experience for our users who log in daily to look after their digital assets,” said Joan Han, Sales and Marketing Director at Bybit.
Crypto adoption has been growing at a record high rate in the recent rally as more and more investors normalize diversification with digital assets. Bybit is constantly expanding its offerings and on and off-ramp experience, integrating reliable payment solutions to meet users’ diverse demands for user experiences and competitive spreads.
With Fiat Deposits and a variety of crypto trading products and services, Bybit helps plug the gap between fiat currencies and crypto investments for users with its intuitive platform, high security standards, and rewards all year round.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576328/Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-unveils-exclusive-rewards-for-crypto-deposits-via-bcb-zen-or-blik-302326213.html
DUBAI, UAE, Dec. 9, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has brought the Bybit Card to Apple Pay for users in Argentina. Starting now, the Bybit Card can be added to Apple Pay profiles for card holders in Argentina and used across their Apple devices.
A registered virtual asset service provider and card operator in Argentina, Bybit’s Argentinian entity commenced its rapid expansion in the second largest economy in South America in Apr. 2024. Offering a wide array of services for users, Bybit has been adding new features and benefits to the growing Bybit Card community in Argentina. The Card was adopted by the majority of Bybit users in Argentina within the first two months of the virtual card launch, with more embracing its full range of capabilities on Google Pay, Apple Pay, and the physical card.
Leveraging Apple Pay’s advanced security and privacy enhancing features, the new Bybit Card function makes contactless and instant crypto payment a frictionless experience whether they are purchasing online or in-store. Trusted for its safety guardrails, Apple Pay incorporates state-of-the-art verification and authentication solutions including dynamic encryption and biometrics linked to user profiles. The increasing availability of contactless payment options also makes it a convenient choice for daily purchases.
Setting up the Bybit Card in Apple Pay takes just a few minutes, and paying takes seconds, simplifying transactions seamlessly across iPhone, iPad, and Mac. Bybit Card users in Argentina now get to spend in style with Mastercard’s global network, Bybit’s diverse crypto offerings, and now the added layer of accessibility and security brought by Apple Pay.
Reinventing the crypto experience in all aspects of users’ digital asset journey, Bybit is committed to curating a rewarding experience for Bybit Card holders in Argentina:
- Zero fees for card issuance and delivery
- Zero annual or hidden fees
- 2-10% cashback in USDT, BTC and ETH on eligible purchases
- Up to 8% APY
- Instant virtual and physical card for immediate access to funds
Application for the physical card is open for Bybit Card Argentina and applicants may be eligible for the Argentina-exclusive welcome offer until Dec. 31, 2024.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2576286/Bybit_Card.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/apple-pay-supported-bybit-card-argentina-elevates-payment-experience-302326177.html
-
Blockchain5 days agoBlocks & Headlines: Today in Blockchain – A Daily News Briefing (21x, Sonic Labs, Ripple Labs, Uranium Investments, Pantera Capital,
-
Blockchain5 days ago
BIT Mining Announces Commitment to Litecoin (LTC) and Dogecoin (DOGE) Mining, Bringing Increased Profitability
-
Blockchain Press Releases4 days agoKuCoin Lists GOATS, Enhancing Gaming Experiences in the TON Ecosystem
-
Blockchain Press Releases4 days agoBybit P2P Enters Holiday Season with Festive Rewards
-
Blockchain Press Releases5 days agoInterlace Secures $10 Million in Series B1 Funding, Expands Leadership Team to Accelerate Global Growth
-
Blockchain3 days ago
Alexander Guseff Appointed CEO of Layer 1 Blockchain Tectum
-
Blockchain6 days ago
Acme, Founder of ACET, Calling on Thailand’s Embrace of Digital Assets
-
Blockchain5 days ago
PING joins peaq to decentralize gaming with a DePIN of high-end laptops
