Dubai recently hosted the TOKEN2049 cryptocurrency conference, attracting approximately 15,000 participants, including representatives from major financial institutions like BlackRock, Goldman Sachs, and Binance. Despite a 12% decline in Bitcoin prices from their peak, the UAE continues to position itself as a global crypto hub. Notably, Abu Dhabi’s MGX invested $2 billion in Binance, and Emirates NBD has launched crypto services. Additionally, the Dubai Multi Commodities Centre (DMCC) plans to establish a new “crypto tower” by 2027, underscoring the nation’s commitment to digital asset innovation.  

Source: Reuters