Dubai World Trade Center to Become a Hub for the Crypto Industry

Briefly:

  • Dubai is one of most innovative countries
  • They are now accelerating the adoption of digital assets into businesses
  • For this, Dubai World Trade Center will turn into a hub for crypto business

The cryptocurrency industry is heading towards mass adoption and Dubai is not on the sidelines. They are strengthening their position as one of the most crypto-friendly countries.

The Dubai World Trade Center (DWTC) government building will soon become a business hub and regulator for digital assets. The authorities want to thus accelerate the mass adoption of cryptocurrencies.

Details were announced on Monday by the Dubai Media Office. It will be an overarching ecosystem that works with the private sector and companies. Its goal is to create an attractive environment for the cryptocurrency sector and protect investors.

There are many plans ahead

The government is working hard to expand the market for its virtual assets. They are developing a roadmap to easily integrate “innovative financial products” and master new trends, including the popular NFT technology.

“This move continues to strengthen our position as a leading hub for business, technology and trade. Dubai World Trade Center will develop and enforce a world-class regulatory framework for digital assets. This will help facilitate and expand cross-border transactions, innovate ecosystems, and accelerate the growth of the crypto sector in Dubai. ”

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