From valley to oasis: Swiss and Dubai cryptography associations join forces

A partnership between the two cities' blockchain associations will aim to connect businesses and foster industry growth.

The Swiss-based Crypto Valley Association will partner with Dubai's Crypto Oasis to collaborate on the continued development of the blockchain industry in both countries.

The Crypto Valley Association (CVA), based in the self-proclaimed "crypto valley" of the Swiss canton of Zug, will lead the partnership with its counterpart in Dubai to connect a growing group of blockchain communities in Switzerland and the Middle East.

Both associations were founded by Ralf Glabischnig, who played a major role in establishing Zug as a center for blockchain and cryptocurrency organizations. The likes of the Ethereum Foundation originated in the region, as Cointelegraph Magazine previously explored. The new partnership between the Swiss and UAE-based associations aims to build ties and share information between businesses in both countries.

Crypto Oasis co-founder Faisal Zaidi will lead the CVA-led initiative in Dubai, which already has more than 1,100 UAE-based organizations involved in its growing ecosystem. Zaidi highlighted Dubai's efforts to emulate Zug's adoption and promotion of blockchain-based businesses, products and services in a statement from the announcement:

“This alliance will connect a fragmented blockchain world by linking Switzerland, which is at the forefront of disruptive technology, to the Middle East, which is fast becoming the new crypto and blockchain hub.”< /p>

CVA has already spearheaded a similar initiative, creating a Latin American chapter in July 2022, which taps into the booming cryptocurrency and blockchain sector...