In recent years, Dubai has been a prominent player in the bitcoin industry. The use of blockchain technology and cryptocurrencies in a number of economic sectors, including real estate, tourism, and finance, has been actively investigated by the Dubai government.
A free zone for businesses engaged in the cryptocurrency and blockchain industries, the DMCC Crypto Centre will open in 2021, according to the Dubai Multi Commodities Centre (DMCC). The facility provides a variety of services to businesses, such as licensing, office space, and regulatory support.
Some well-known cryptocurrency and blockchain events, including the International Blockchain Forum and the Blockchain Summit, have also taken place in Dubai. Leading experts, investors, and businesspeople from around the world attend these conferences to debate the most recent advancements in the sector and look into potential partnerships and investments.
Overall, Dubai’s corporate community and government have demonstrated a keen interest in the possibilities of cryptocurrencies and blockchain technology, and the city is likely to be a major player in this field in the years to come.
