One of the richest countries in the world gets into crypto-Business: Dubai has signed in Davos a contract, the so-called “Dubai Crypto Valley” to build.
First address for crypto
“DMCC is a dynamic business centre at the crossroads of the world and drives the global trading of Dubai,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC.
Sulayem:
“The opening of the Crypto Valley in DMCC will improve the dynamic business environment of the city and the wider strategy of the government of the UAE support to the innovators, entrepreneurs and pioneers attract that will shape the future economy.”
The “Dubai Multi Commodities Centre” (the DMCC) is referred to as “the world’s most important free trade zone”, in which there is no income or corporate tax.
It is planned, there are “a variety of services including incubation to start-UPS in the early phase, facilities for collaboration, innovation services for corporate clients, Blockchain and entrepreneurial training, training, events, Mentoring and funding”.
For the past four years, the country is already celebrating the Blockchain. It all began in 2016, with the Declaration of the crown Prince Hamdan Al Maktoum:
“Dubai will be the first city in the world by 2020, applicable government conducts transactions via the Blockchain.”
In these four years, the country has participated in a number of Blockchain projects, while Dubai eifert a matter of race, its Status as a hub to maintain – with the aim to be at the forefront of the digital Revolution.
The above-mentioned “Crypto Valley” is to increase these efforts.
The aim in Dubai is likely to use the Region as a whole, by acting as a kind of base in addition to, perhaps, crypto-relevant financial services, which include tokenization, and the like.
Whether this comes from the Hamdan Al Maktoum – better known as Fazza, or “the Poet” – is not clear. But the Western-oriented Millenial, was discovered during a series of events in connection with the Blockchain and Bitcoin.
The London-educated crown Prince left the flag of the UAE at the top of the Khalifa blow, after he had won the world Expo 2020. Khalifa is the tallest building in the world and a monument to the incredible economic success of this small Nation.
Probably Dubai, was crowned, under his leadership the Blockchain-the capital – with a global Blockchain-exhibition to be shown during the Expo 2020 in October.