## I﻿ntroduction

Welcome to the Blockchain Economy Dubai Summit 2023, where anticipation is building and excitement is palpable. In just two weeks, Dubai will become the epicenter of the blockchain and crypto communities as this prestigious event kicks off on October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center. With over 3,000 attendees from 85 countries, including blockchain entrepreneurs, industry leaders, and crypto enthusiasts, this summit is set to redefine the future of finance and technology. Get ready for insightful dialogues, groundbreaking topics, and unparalleled networking opportunities. The countdown has begun, and the buzz is in the air.\
Dubai, UAE —[The Blockchain Economy Dubai Summit](https://beconomydubai.com/) is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries.

The Summit is bolstered by its high-profile sponsors, including OKX as the Title Sponsor and other significant partners like Uniqan Capital, Foxify, Saitama, B2rbroker, B2BinPay, UZX, Bitunix, Tencent Cloud, Expand My Business, Avrora Metaverse, P2Pbet, Areon Network and many others who are building the future of web3 solidifying their positions in the industry.

Attendees can anticipate insightful dialogues from an illustrious panel of experts, including:

* Lennix Lai, Global Chief Commercial Officer at OKX
* Dr. Ebrahim Al Alkeem, Director at the Government of Abu Dhabi and an authority on Digital Transformation, Cyber Security, and Artificial Intelligence
* Martin Hanzl, Head of New Technologies at EY Law
* Michaël van de Poppe, CEO & Founder of MN Trading
* Akshay Chopra, VP, Head of Innovation & Design at Visa CEMEA
* Vladimir Nikolenko, CBDC & Digital Assets Associate Director at Accenture
* Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard
* Sam Blatteis, CEO of The MENA Catalysts
* Phillip Liu, General Manager of Tencent Cloud International in the MENA Region
* Dr. Salim Al-Shuaili, Senior Executive at the Ministry of Transport, Communications and Information Technology of Oman
* Adrian Zduńczyk, Founder of The Birb Nest
* George Gvazava, Chief Crypto Officer at Bank of Georgia

A distinguished Forbes personality, Senior Producer, and Presenter, Ramia Farrage, will serve as the Master of Ceremony for the two-day duration of this anticipated Summit. 

The Summit promises engaging and comprehensive discussions on groundbreaking topics, framed in their most sophisticated formats: Investment and Trading Strategies: The Future Landscape; Decentralized Finance (DeFi): New Frontiers; Transitioning from Web2 to Web3: A Roadmap; Regulatory Frameworks for Cryptocurrency Usage; Seamless Payment Applications in Blockchain; The Intersection of AI and Web3: A Harmonious Convergence, among many others.

The event is uniquely positioned to attract a diverse cross-section of stakeholders, including C-level decision-makers, venture capitalists, blockchain entrepreneurs more than 100 global media organizations, institutional and private investors, influencers, and many others. The Happy Bird tickets for the Blockchain Economy Dubai Summit 2023 are nearing a sold-out status, and soon only Lazy Bird tickets will be available. For individuals aiming to dive deep into groundbreaking innovations, eager to network with global decision-makers from all around the world, or interested in exploring the Dubai’s web3 market, [the time to act is now.](https://beconomydubai.com/tickets)

## Exceptional Perks for Attendees

Emirates Airlines, as the Official Airline partner, is offering exclusive travel discounts for global attendees of Blockchain Economy Dubai Summit. To further enhance attendee convenience, the organziers also provide specially discounted room rates at the Le Meridien Dubai Hotel & Conference Center.

## **Event Info**

**Event name:** Blockchain Economy Dubai Summit

**Dates:** October 4-5, 2023

**Event website:** <https://beconomydubai.com> 

**Last Happy - Bird tickets:** <https://beconomydubai.com/tickets> 

**Event hashtag:** #BESUMMIT Dubai 2023

Join the Blockchain Economy Dubai Summit 2023, the premier event for blockchain and crypto enthusiasts. Discover the latest trends in web3, DeFi, AI, and regulations. Network with industry leaders and explore investment opportunities. Don't miss out on the last Happy Bird tickets! Discounted travel and accommodation options available. #BESUMMIT Dubai 2023.

Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

## The Bahamas: A Leader in Digital Asset Regulation

Hon. Philip Davis, the Prime Minister of the Commonwealth of The Bahamas, delivered a keynote speech at the Consensus Conference 2023 in Austin, Texas. The speech highlighted the country's commitment to leading the world in digital asset regulation and innovation. Davis noted that the traditional financial services products were failing to embrace the freedom and inclusion that the public demands. In embracing digital assets, The Bahamas aims to fill the needs left unmet by traditional finance and democratize financial markets.

Davis stated that The Bahamas is committed to advancing the most current regulatory policies that safeguard and protect investors, customer assets, and industry stakeholders, while enabling legitimate digital asset businesses to innovate and grow in a risk-based environment. He also highlighted that the Securities Commission of The Bahamas has sought industry feedback, internal reviews, and international assessments of the legislative regime, benchmarking the DARE Act with comparable frameworks from jurisdictions such as the European Union, Hong Kong, and New York.

## The DARE Act: A Robust Regulatory Framework

The Digital Assets and Registered Exchanges Act (DARE Act) is the legislative framework that governs digital assets in The Bahamas. Davis noted that the DARE Act enabled The Bahamas to act decisively when FTX, a Bahamian-based entity, collapsed. The Securities Commission quickly put the entity into provisional liquidation, ahead of its filing for Chapter 11 bankruptcy and securing FTX assets, which had a market or trading value around $3.5 billion at the time they were secured. The DARE Act is considered the superior regulatory legislation in the industry.

## Proposed Amendments to the DARE Act

The Securities Commission of The Bahamas has opened its one-month public consultation period for a series of amendments to the DARE Act. The amendments address a comprehensive range of digital asset activities and strengthen protection mechanisms for the registration and ongoing supervision of operators. The proposed amendments represent an even greater focus on consumer and investor protection, robust risk management, as well as market development and innovation.

The amendments also include additional requirements for custody and custodial wallet services, more prescriptive segregation of client assets requirements, and an internationally compliant anti-money laundering framework. New areas of digital asset businesses will be addressed by the DARE amendments. Examples include management of digital assets, digital asset derivative services, and distributed ledger technology network node services.

## DARE Amendments for Stablecoins and Digital Autonomous Organizations (DAOs)

The DARE amendments establish a new regulatory framework for stablecoins, providing a clear definition for stablecoins, for the registration of existing stablecoins, specifies acceptable forms of reserve assets, and establishes new requirements for custody and management, segregation, reporting, and redemption of reserve assets.

Davis also announced that the Digital Advisory Panel is collaborating with the Securities Commission of The Bahamas to develop a regulatory framework and corporate structure for Digital Autonomous Organizations (DAOs) to structure and operate with predictability and legal certainty. The Bahamas will roll out this new regulated structure for DAOs in conjunction with the enactment of the DARE amendments.

## D3 Bahamas FinTech and Web 3 Summit

Davis invited industry leaders to join The Bahamas for the D3 Bahamas FinTech and Web 3 Summit this fall. The summit will bring together industry leaders from around the globe to delve into topics that matter most to the entire digital assets industry such as the future of Web3 development, global regulatory advancements, crypto adoption, and sustainable finance powered by blockchain technology.

*\[Picture's source: https://www.scb.gov.bs/]*

![https://www.scb.gov.bs/wp-content/uploads/2022/07/Solidus-4.png](img/solidus-4.png "*Source: https://www.scb.gov.bs/")

## Conclusion

The Bahamas is blazing a trail in digital asset regulation and innovation, committed to safeguarding investors, customer assets, and industry stakeholders while enabling legitimate digital asset businesses to grow in a risk-based environment. The proposed amendments to the DARE Act showcase The Bahamas' dedication to staying at the forefront of the digital asset industry, offering investor protections, robust risk management, and market development for digital asset businesses to operate and innovate in The Bahamas.

The Bahamas' efforts to lead the world in digital asset regulation and innovation are further evidenced by proposed amendments for stablecoins and Digital Autonomous Organizations (DAOs), as well as the upcoming D3 Bahamas FinTech and Web 3 Summit, which promises to bring together industry leaders from around the globe to discuss critical topics that impact the digital assets industry.

In summary, The Bahamas is a leader in digital asset regulation and innovation, with a robust regulatory framework that provides a conducive environment for legitimate digital asset businesses to thrive. The country's proactive approach to regulation, coupled with collaborations with industry stakeholders and ongoing evaluations of international regulatory advancements, makes The Bahamas the ideal destination for investors seeking a jurisdiction that prioritizes investor protections and digital asset innovation.

The Cymes Shares Insights to Prime Minister Philip Davis Speech at Consensus 2023 Conference

The Bahamas Emerges as a Leader in Digital Asset Regulation

1. Blockchain: Blockchain is a key part of Web3, and it lets us have decentralized, secure, and transparent record-keeping. It can be used to create a bridge between Web2 and Web3 by allowing us to own and control our data and assets on the decentralized web.
2. Interledger Protocol (ILP): ILP is an open protocol that lets us transfer value across different ledgers, including blockchain and traditional financial systems. It can be used to connect Web2 and Web3 by allowing us to move assets and data between the two.
3. Web3 gateways: Web3 gateways are platforms that let us access Web3 apps and services from a traditional web browser. These gateways can help bridge the gap between Web2 and Web3 by providing a more familiar interface for us to interact with decentralized apps.
4. Decentralized identity: Decentralized identity systems let us control our own identity and personal data on the decentralized web. These systems can help bridge the gap between Web2 and Web3 by allowing us to authenticate ourselves on both the old and new web.

These technologies can make it easier to transition between Web2 and Web3, so we can take advantage of the benefits of the decentralized web while still being able to access and interact with traditional web-based services.

Web2 and Web3 are two different approaches to the internet, and building a bridge between them can be a challenge. Web2, also known as the "old web," is the traditional model of the internet where we mainly consume content through a web browser. Web3, also known as the "new web," is all about decentralization, where we own and control our own data and assets. Here are some of the most popular technologies for building a bridge between these two worlds:

Web2 to Web3: Technologies for Facilitating the Transition



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Block 3000: Blockchain Battle, Europe's largest crypto event, is back with an exciting lineup of speakers, including industry leaders from Binance, Tron, Solana, and more. Join us for the Battle of Blockchains, engaging panel discussions, networking opportunities, and the chance to see groundbreaking new projects unveiled. Don't miss this must-attend event in Lisbon, Portugal, on July 6-7, 2023. Get your tickets now!

One of Europe’s biggest ever crypto events, Block 3000: Blockchain Battle goes live

Block 3000: Blockchain Battle, Europe's biggest crypto event, returns with a focus on the Battle of Blockchains

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