Dubai is Likely to Benefit from Ever-Expanding Crypto Market, Bittrex Global CEO Says
The crypto craze is not only real, but it has been jumping borders and has become a global phenomenon. UAE is definitely willing to have a piece of that cake, and for that purpose, it wants to increase the investment as well as the adoption of blockchain technology. Unlike the USA, where things are a little tight and not so friendly for the crypto market, Dubai has more of a friendlier jurisdiction for the crypto industry. According to the CEO of Bittrex global, Stephen Stonberg, Dubai is definitely the destination for you if you are looking to expand your business or a ravishing idea around the crypto market.
Things are a little tight at the moment in the Middle East for the crypto market as many countries are taking a hard stance over accepting crypto adoption, but Dubai being the safe haven for crypto projects says a lot about the country’s will and testament towards accepting blockchain technologies in the future.
If things go right and steady, then it is only about time that Dubai becomes a central peace in the Middle East puzzle for the crypto market. According to Stonberg, Dubai is doing everything right with its crypto adoption plan, and if it continues in the same direction, then soon it will be bringing in a lot of regional projects.
Dubai is a Great Place for Cryptocurrency
It is about time that Dubai has tested a close working relationship with the crypto market by inaugurating and working on projects. As soon as those regional projects are being reeled in, the international ones are definitely going to be attracted to set up in UAE; it is a tax haven and all. It might open tons of jobs, too, regarding decentralized technology and the need for crypto analysts and financial experts; these jobs will definitely turn Dubai into an international crypto sensation. Even if Dubai takes an outsourcing approach where a lot of projects are being outsourced to other countries, and people chime in from their homes to do the work, then still Dubai will prove to be an exciting and successful presence in the crypto market. It has got everything an investor requires to set up a crypto exchange, an IPO, or for better or for worse, a new token if they want to. So, generally speaking, Dubai has got a lot of promise for crypto adoption, and the data is showing it.
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