Situated in proximity to Northern Africa, Asia and Europe, Dubai is not just a travel destination for those seeking a beach vacation, but also fosters global networking and collaboration. It ranks as No. 5 on CryptoHubs2023:
Dubai and its sibling hub Abu Dhabi were rated tops in the regulatory structure, the most heavily weighted criterion at 35% of the total score. But the impact was blunted by the UAE’s bottom-quintile crypto adoption score, indicating that the larger population of the UAE is not as crypto-savvy as the residents in these two hubs.
Dubai has been growing as a business and financial services hub for the Middle East over the last few decades by embracing innovation. That’s particularly evident in how it approached crypto with deliberation and intention.In 2014 the local government engaged IBM to advise it on new technologies, Saqr Ereiqat, then IBM’s head of public sector consultancy in Dubai, said.
According to the Dubai Statistics Center, as of 2022, over 3.2 million of the Emirate’s total ~3.5 million population is non-Emirati, making it a “melting pot of people” as Al Kalooti explained. With such a diverse population, blockchain technology has numerous use cases in the city, ranging from remittances for those working in Dubai and sending money home or facilitating the flight of capital for those taking refuge from unstable economies.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bybit Scores Preparatory License by Dubai's Virtual Assets Regulatory AuthorityAnother expansion for Bybit_Official! This time - Dubai. What could we expect from the crypto exchange? Read more here -
Baca lebih lajut »
AX1 Syndicate Research on Global Regulatory Dynamics for Crypto – Press release Bitcoin NewsPRESS RELEASE. The AX1 syndicate has conducted an in-depth review of the latest legal developments in the cryptocurrency space, with particular attention
Baca lebih lajut »
Singapore: The Center of Asian Crypto Wealth Is Ready for a ResetA fintech hub turned early crypto adopter, Singapore raised billions through ICOs. Cue parties on yachts and at luxury villas. But after the collapse of homegrown crypto darlings Terraform Labs and Three Arrows Capital, the No. 2 spot in CoinDesk’s Crypto Hubs 2023 is searching for the right regulatory balance to encourage crypto without getting burned again.
Baca lebih lajut »
ByBit’s MVP license in Dubai ‘very restricted,’ CEO saysDubai-based crypto exchange Bybit already operates out of Dubai, but its current licensing doesn’t allow the firm to serve all customers, Bybit CEO Ben Zhou told Cointelegraph.
Baca lebih lajut »
BitGo CEO discusses Go Network launch, and report shows FTX owed customers $8.7 billion: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, BitGo CEO Mike Belshe spoke exclusively with Crypto World about the launch of its Go Network and the problem with crypto market structure to date.
Baca lebih lajut »
Uniswap's Hayden Adams: Q&A on Weathering the Regulatory Storm, What’s Next for DeFiAfter the recent release of a proposal for a new 'v4' version of the decentralized exchange Uniswap, CoinDesk's Sam Kessler chats with Uniswap Labs CEO Hayden Adams about the case that DeFi is “here to stay” and his position that the U.S. “lags behind” on crypto regulation.
Baca lebih lajut »