Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates's capital, Abu Dhabi.[citation needed] The financial centre was established in 2013 and became fully operational in October 2015.[citation needed] It has three authorities – the financial services regulator, the registration bureau and the ADGM courts, whose Chief Justice is Lord Hope of Craighead.[1][2]
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| Abbreviation | ADGM |
|---|---|
| Formation | 2013 |
| Legal status | active |
| Headquarters | Al Maryah Island, Abu Dhabi, United Arab Emirates |
| Website | https://www.adgm.com/ |
In January 2015, the Abu Dhabi Global Market announced that it had renamed the location it was based in, “Sowwah Square”, to "Abu Dhabi Global Market Square".[3]
ADGM regulates the trading of digital assets and became an attractive jurisdiction for crypto companies after it introduced digital asset regulation in 2018.[4] That same year ADGM joined the World Alliance of International Financial Centers.[5]
See also
editReferences
edit- ^ "ADGM | Home". www.adgm.com. Retrieved 2018-08-20.
- ^ "ADGM FREE ZONE". www.sovereigngroup.com. Retrieved 2020-04-06.
- ^ "Abu Dhabi Global Market Announces Headquarters Building On Al Maryah Island #AbuDhabi - Abu Dhabi City Guide". www.abudhabicityguide.com. Retrieved 2018-08-20.
- ^ "The countdown to regulated crypto trading in the UAE". AMEinfo.com. 20 March 2020.
- ^ "WAIFC Publication on "The role of financial centers in driving economic growth"". Authority WAIFC. Retrieved 2020-08-22.