Abu Dhabi launches new cryptocurrency hub despite downturn
Despite a global slump, cryptocurrency is growing in the UAE in line with the government’s diversification goals.
Abu Dhabi launched a new cryptocurrency project today.
The Abu Dhabi Global Market’s crypto hub is a virtual platform to connect people to cryptocurrency and virtual asset companies. The announcement was made during the Abu Dhabi Finance Week currently taking place and fits with the United Arab Emirates’ economic diversification goals, the Abu Dhabi government's media office said in a statement.
The Abu Dhabi Global Market is an economic free zone that hosts companies in the eponymous city. It is subject to its own English common law-based system.
The Abu Dhabi crypto hub’s website is interactive. It provides visitors with information on the regulation of digital assets as well as a list of cryptocurrency, fintech and other related companies operating in the Abu Dhabi Global Market.
