How is UAE Becoming the Next Big Playground for Global Crypto Giants
Northstake Targets UAE as Strategic Base for Crypto Custody and Expansion
Web3 Wavefronts - Digestible News on Crypto, DeFi and AI · theWeb3.news
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Read in-depth analysis: https://theweb3.news/crypto/how-is-uae-becoming-the-next-big-playground-for-global-crypto-giants/
The UAE is becoming a hub for crypto companies planning to expand due to several factors. These include regulatory clarity, an encouraging government stance towards blockchain technology and digital currencies, along with a sophisticated tech infrastructure. The government has put plans in place to transform 50% of its transactions into blockchain-based by 2021. Dubai launched its own blockchain strategy in 2018, promising to be the first blockchain-powered city by 2020.
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