Dubai World Trade Centre to create new crypto hub and become regulator

Dubai World Trade Centre to create new crypto hub and become regulator

Another government-backed project in Dubai aims to set up an attractive environment for the crypto industry. The United Arab Emirates (UAE) continues to emerge as one of the world’s biggest cryptocurrency-friendly jurisdictions as the government of Dubai has a new initiative to support local crypto development and regulation.The Dubai World Trade Centre (DWTC), a government-owned event and exhibition venue in Dubai, will become a comprehensive zone and regulator of cryptocurrencies, products, operators and exchanges, DWTC officially announced Dec. 20. As part of the initiative, the DWTC....


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