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ADGM rolls out new digital asset rules What crypto firms need to know in 2025

ADGM rolls out new digital asset rules What crypto firms need to know in 2025

Abu Dhabi Global Market (ADGM) has taken a significant step in enhancing its regulatory framework for the digital asset sector. The Financial Services Regulatory Authority (FSRA) of ADGM has announced the implementation of new amendments to its Digital Asset Regulatory Framework, effective immediately.

The key changes introduced by the updated framework aim to strike a balance between fostering innovation and managing risks in the rapidly evolving digital asset space. Firstly, the framework provides a clearer process for Virtual Asset (VA) firms to apply for their assets to be recognised as Accepted Virtual Assets (AVAs) within ADGM. This move is designed to provide market participants with greater predictability and transparency in regulatory outcomes.

The FSRA has introduced a new product intervention power, which aligns with global trends among financial regulators adopting more agile frameworks for supervising digital finance. This tool gives the FSRA more flexibility to respond to emerging risks in the digital asset space, particularly with investor protection and market integrity.

The revised framework also formally prohibits the use of privacy tokens and algorithmic stablecoins within ADGM, underscoring the FSRA’s cautious stance on assets that may raise compliance or systemic risk concerns. Furthermore, the amendments expand the investment options for Venture Capital Funds operating in the jurisdiction.

Read the original article here: https://www.msn.com/en-gb/money/other/adgm-rolls-out-new-digital-asset-rules-what-crypto-firms-need-to-know-in-2025/ar-AA1GqfGG?ocid=BingNewsVerp

India’s digital forensics market to triple global growth, hit $1.39 billion by FY30 Report

India’s digital forensics market to triple global growth, hit $1.39 billion by FY30 Report

According to a joint report by Deloitte and the Data Security Council of India (DSCI), India’s digital forensics market is poised for exponential growth, expected to reach $1.39 billion (Rs 11,829 crore) by the financial year 2029-30.

The report projects the Indian digital forensics market to grow at a Compounded Annual Growth Rate (CAGR) of 40%, more than triple the global average of 11%. This rapid expansion signals a pivot in India’s approach to digital crime and cybersecurity readiness. Mobile forensics currently dominates the sector, accounting for around 51% of the market, driven by the surge in smartphone usage, digital payments, and mobile-centric cybercrime. With 81% of the demand coming from the public sector, particularly law enforcement, the report highlights the growing reliance on forensic technology to combat sophisticated digital threats.

The report recommends a strategic roadmap focused on boosting indigenous Research & Development (R&D) to reduce import dependence, as well as expanding education and certification programs to bridge the projected shortfall of 90,000 forensic professionals.

This rapid growth in India’s digital forensics market underscores the country’s commitment to enhancing its cybersecurity posture and combating the evolving digital threat landscape.

Read the original article here: https://www.msn.com/en-in/news/other/india-s-digital-forensics-market-to-triple-global-growth-hit-1-39-billion-by-fy30-report/ar-AA1GiqR2?ocid=BingNewsVerp

AR Rahman praised by Singapore president Tharman Shanmugaratnam for supporting local musicians

AR Rahman praised by Singapore president Tharman Shanmugaratnam for supporting local musicians

Singapore’s President Tharman Shanmugaratnam has commended renowned Indian composer AR Rahman for his ongoing support and collaboration with Singaporean musicians, describing it as a valuable contribution to the country’s cultural landscape.

In a social media post, President Tharman highlighted how Rahman has provided valuable exposure and opportunities for local artists over the years. He praised the diversity of Singapore’s Indian music and cultural talents, from classical to modern, for adding “a unique richness to Singapore’s multicultural identity.” The President mentioned several Singaporean artists who have collaborated with Rahman, including rapper-songwriter duo Lady Kash and Krissy, singer Shabir, and rapper Yung Raja. Notably, Rahman’s 2014 film “Highway” featured the song “Wanna Mash Up?” created in partnership with Lady Kash and Krissy.

Tharman also recalled Rahman’s early connection to Singapore, recounting how the composer made his first international visit to the city-state in the 1980s and purchased music equipment from local stores Swee Lee and City Music, both of which are still thriving today. The President shared photos from his recent meeting with Rahman, who was in Singapore for the premiere of his directorial debut, “Le Musk” – a 37-minute virtual reality film that combines scent, music, and immersive visuals. The film is currently being showcased at Golden Village Suntec City until August 12.

Rahman’s association with Singapore spans many years, with the composer performing in the country several times, including shows at Gardens by the Bay, Singapore Indoor Stadium, Marina Bay Sands, and the National Stadium.

Read the original article here: https://www.bollywoodhungama.com/news/features/ar-rahman-praised-singapore-president-tharman-shanmugaratnam-supporting-local-musicians/

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Rwandan MedTech startups

Rwandan MedTech startups

The Commonwealth Chamber of Commerce is delighted to bring to you our next installment of the Commonwealth Chamber Tech Startup Series illustrating the positive impact of Rwandan MedTech startups. This online event will take place on Zoom on 2 November at 6 pm HKT/ 12...

Isle of Man Business Opportunities

Isle of Man Business Opportunities

Located in the Irish Sea right in between England and Ireland, the Isle of Man is a self-governing British Crown Dependency with the lowest crime rate and most robust geopolitical and geo-economic stability amongst all the British Isles.

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