• UAE offers a progressive and clearly defined crypto regulatory environment, with Dubai and Abu Dhabi leading the pack
• The government actively promotes blockchain innovation, including public-private partnerships and incentives for tech startups
• UAE’s National Investment Strategy 2031 is setting a goal of a cumulative FDI of AED 1.3 trillion (approximately $354 billion) in the next six years

In light of the UAE’s surge in FDI and proactive regulatory moves, the country is rapidly evolving into one of the most crypto-friendly jurisdictions across the globe. This is mainly due to the fact that the UAE offers a progressive and clearly defined crypto regulatory environment, especially in Dubai and Abu Dhabi.

For instance, Dubai’s VARA (Virtual Assets Regulatory Authority) was created in 2022 and has quickly licensed major players, including Crypto.com, OKX, Binance, and Bybit. Similarly, Abu Dhabi’s ADGM (Abu Dhabi Global Market) also has a well-established framework for virtual assets and is home to several institutional crypto firms.

Both VARA and ADGM offer startup-friendly licensing with available scopes ranging from exchanges and broker-dealers…

The post The Link Between UAE’s Crypto-Friendly Laws and Its $45.6 Billion FDI Record appeared first on Coin Edition.

• UAE offers a progressive and clearly defined crypto regulatory environment, with Dubai and Abu Dhabi leading the pack
• The government actively promotes blockchain innovation, including public-private partnerships and incentives for tech startups
• UAE’s National Investment Strategy 2031 is setting a goal of a cumulative FDI of AED 1.3 trillion (approximately $354 billion) in the next six years

In light of the UAE’s surge in FDI and proactive regulatory moves, the country is rapidly evolving into one of the most crypto-friendly jurisdictions across the globe. This is mainly due to the fact that the UAE offers a progressive and clearly defined crypto regulatory environment, especially in Dubai and Abu Dhabi.

For instance, Dubai’s VARA (Virtual Assets Regulatory Authority) was created in 2022 and has quickly licensed major players, including Crypto.com, OKX, Binance, and Bybit. Similarly, Abu Dhabi’s ADGM (Abu Dhabi Global Market) also has a well-established framework for virtual assets and is home to several institutional crypto firms.

Both VARA and ADGM offer startup-friendly licensing with available scopes ranging from exchanges and broker-dealers…

The post The Link Between UAE’s Crypto-Friendly Laws and Its $45.6 Billion FDI Record appeared first on Coin Edition.