Crypto Biz: UAE Regulatory Structure Attracts Crypto Firms, Canaan Revenue Drops, and More

THE United Arab Emirates more and more attracted Web3 companies has It is jurisdictions, become THE center of global crypto innovation.

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Behind THE wave of companies moving Or deployment initiatives In THE United Arab Emirates East regulation. THE country has introduced regulatory executives For decentralized autonomous organizations (DAO), virtual active suppliers, metaverse And other Web3 related entities.

By offer regulatory clarity And A clear path has compliance — in the middle of A repression In THE United States — THE United Arab Emirates East moving closer has fulfilling What he wanna has be: A international financial hub For digital assets.

While predictions about how he will affect THE future of THE United Arab Emirates Or THE crypto space himself vary, history watch how countries to have used regulatory gaps has build new Industries Or sidewalk existing those.

This weeks Cryptocurrency Business Also explore Canaan income challenges, Wormhole massive Fund raising And Bank that of Santander crypto move.

Iota launches $100 million Abu Dabi foundation For Medium East expansion

Open source blockchain developer Iota announcement THE launch of THE Iota Ecosystem DLT Foundation In Abu Dabi, which East dedicated has expansion It is distributed register technology (DLT) In THE Medium East. THE new foundation will be supported by $100 million In Iota (IOTA) digital tokens, has be acquired on four years. According to has Iota co-founder, Dominic Schiener, THE foundations main objective East has convert real world assets In digital formats. THE initiative understand THE ...