Crypto.com Commits, Sets Up Regional Base In Dubai, UAE

Republished By Plato

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Crypto.com announced the decision to set up a regional base in the UAE, specifically Dubai – announcing its long-term commitment to the UAE.
The announcement was made during the Investopia Summit on March 28.
Both organizations discuss their future collaborations to accelerate the development of financial innovation and future economies.

On March 28, Crypto.com announced the decision to set up a regional base in Dubai during the inaugural Investopia conference. Both Investopia and Crypto.com hosted the inaugural press conference for the Investopia Summit. At the summit, Investopia and Crypto.com formally launched the latter’s Founding Partnership.

Both discussed their future collaborations on meaningful projects that aim to accelerate the development of future economies and financial innovation. This followed a Memorandum of Understanding (MoU) signing between Investopia and Crypto.com the previous week.

Crypto.com further highlighted the press conference by announcing its long-term commitment to the UAE by establishing its regional hub office in Dubai. The cryptocurrency company is focused on establishing a presence in the market. As a result, it will be launching a substantial recruitment drive in the coming months to achieve that goal.

H.E. Dr. Thani Al Zeyoudi – Minister of State for Foreign Trade and the Minister in Charge of Talent Attraction and Retention – said that the United Arab Emirates is committed to championing the industries of the future. Dr. Al Zeyoudi further adds that the UAE aims to develop an ecosystem that attracts pioneers, innovates, and investors.

Furthermore, Dr. Al Zeyoudi added that the UAE is developing robust governance and regulatory frameworks. “The UAE is now developing a robust governance and regulatory framework to ensure that we are providing a best-in-class environment for companies in this space to flourish – and to position the UAE as the ideal platform for disruptive ideas with global impact.”

Cryptocurrencies, virtual assets and the blockchain are exciting new sectors that are already revolutionizing how money, information and value is stored and transferred.

Meanwhile, Crypto.com’s Chief Operating Officer Eric Anziani pointed out the greater demand for innovative cross-border investment mechanisms. “At a time of unprecedented change in the world, with new centres of growth and important financial markets emerging, there is ever greater demand for innovative cross-border investment mechanisms as well as long-term sustainable solutions.”

Additionally, Anziani talked the need for cryptocurrency. “The role of technology, advanced AI, and quantum computing is driving the need for digital assets and cryptocurrencies, which also supporting greater financial inclusion. Our partnership with Investopia will enable us to progress these aims and on a global scale,” said Anziani.

Investopia was launched by the UAE Government in September 2021. The goal of Investopia is to bring together stakeholders from global finance, technology, and sustainability sectors to formulate new platforms for economic progress, inclusion, and diversity.

Time Stamp: March 29, 2022