IOTA formed a new regulated entity in the UAE with a focus on driving the growth, adoption, and worldwide expansion of its technology.
This will help IOTA become a leading DLT entity in the UAE. It can work closely with business leaders and government entities.
On Thursday, September 14, the IOTA Foundation announced that it is expanding its footprint in the crypto-friendly UAE market. As a result, the IOTA Foundation floated a new independent, regulated foundation headquartered in Abu Dhabi.
IOTA said that this is a step towards establishing itself as a global, digital infrastructure and innovation ecosystem. IOTA aims to position itself as one of the primary organizations driving the growth, adoption, and worldwide expansion of its technology. This step marks the commencement of a new chapter for IOTA,  which stresses the alignment of technology with appropriate support to firmly establish IOTA as a global ecosystem. This vision can only be realized through operation within the righ

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