Faraj Joins The Standard Advisory Board
Faraj Abutalibov has joined The Standard Advisory Board to support ecosystem development in the MESA region.
Faraj has a vast network in the MESA area and is the founder of a large crypto executives’ community with 850+ C-Level executives from the crypto world. Mr. Abutalibov is also a co-founder of the Crypto VC (Sharara), DAOFund, and crypto media (Gulf Crypto Insight).
I’m delighted to join The Standard as an advisor. I truly believe this project is extraordinary and will become one of the top projects in the crypto space due to the unique offerings presented to the market. By using the innovative smart vault technology, market participants can unlock the value of assets like gold and cryptocurrencies through over-collateralized stablecoins. I will continue to help the project achieve its goals and believe in its long-term success.
The UAE’s regulatory stance has the region become a forefront of financial innovation as it has not sought to curb the inevitable mainstream adoption of crypto assets.
Instead, a light-touch policy has led to crypto firms moving into and emerging from what is now a key global hub for the sector. Dubai’s new Virtual Asset Regulatory Authority has recently granted licenses to Binance, FTX Europe, and Kraken.
A recent YouGov report also showed that UAE leads the globe in trusting cryptocurrency with nearly 75% of adults aged between 25–34 interested in investing in cryptocurrencies in the next five years.
The adoption has also been noticeable at a local level, with grocery service YallaMarket now accepting crypto as payment and even considering paying salaries in crypto, along with multiple real estate firms such as Damac who have also started to accept crypto.
We are thrilled to have Faraj onboard and help us support ecosystem development and adoption in a key region.
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