Since the launch of Bitcoin in 2009, the crypto ecosystem has grown significantly. However, the crypto industry is still relatively new, compared to the traditional finance sector. This is why crypto stakeholders need to increasingly consolidate their influence. One way to do this is by creating crypto associations dedicated to educating members and advocating for crypto adoption. The MEAACBA was created for this purpose.
What is the MEAACBA?
The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) is a non-profit organization established in 2022 with the sole aim of providing development opportunities for participants in the crypto ecosystem. The MEAACBA’s Board comprises industry experts, regulators, and government agencies who work together to advance the objectives of the organization.
During the MEAACBA’s launch last year, its Board Chairman, Jehanzeb Awan, stated that the organization will be at the forefront of providing knowledge to enhance the development of the crypto and blockchain industry. He also detailed the MEAACBA’s extensive plans, including workshops, courses, and webinars delivered by experts. This launch received immense support from the Abu Dhabi Global Market (ADGM).
In addition to providing development opportunities for members, the MEAACBA also aims to advocate for crypto regulation across the regions under its coverage. Such advocacy is expected to accelerate the introduction of suitable crypto regulation in numerous jurisdictions. Membership in the MEAACBA is generally open to individuals and companies in the Middle East, Asia, and Africa. Essentially, crypto exchanges, developers, consultants, and traders can apply for membership. The organization also extends free membership to universities.
Progress So Far
The MEAACBA has been evidently busy since its launch late last year. It has implemented numerous initiatives tailored to the plans it highlighted during its launch. For instance, the organization has an extensive knowledge hub available for its members and general crypto stakeholders. This knowledge hub comprises relevant industry news and educational articles. The organization also provides a constant rundown of crypto and blockchain events across the Middle East, Africa, and Asia.
Two months ago, the MEAACBA organized a specialized NFT webinar that had industry experts as speakers. The webinar was primarily launched as a masterclass for NFT novices, enthusiasts, and professionals. More importantly, the organization recently announced an initiative to provide university students with the platform to showcase their innovations and conduct two annual webinars (through MEAACBA).
In addition, the MEAACBA recently established a partnership with CryptoUK, another non-profit organization. The partnership is targeted at promoting fit-for-purpose crypto regulation in the United Kingdom. It will also help provide a platform for responsible innovation in areas like food security and medicine. Aside from the CryptoUK partnership, the MEAACBA recently launched a Regulators Committee to promote effective oversight of the crypto industry.
Conclusion
The MEAACBA’s launch will undoubtedly be beneficial for the crypto industry. The organization’s achievements have been considerably impressive. Looking to the future, more development opportunities will likely be created for crypto and blockchain stakeholders.
