Dubai Launches A Futuristic Hub For Crypto and Blockchain

DMCC announced the launch of the DMCC Crypto Centre in Dubai, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors.

The centre is set to be a hub for the development and application of crypto and blockchain technologies.

The world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise Crypto Centre is located in the state-of-the-art Almas Tower.

.@DMCCAuthority announces the launch of the DMCC Crypto Centre, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. #Dubaihttps://t.co/EilbcqA2Mo pic.twitter.com/atSyV9MfI0

— Dubai Media Office (@DXBMediaOffice) May 24, 2021

Offering a home to all types and sizes of crypto businesses, from companies developing blockchain-enabled trading platforms, through to firms offering, issuing, listing, and trading crypto assets, the centre will also house a leading crypto advisory practice led by CV Lab

The DMCC Crypto Centre will offer co-working spaces to crypto entrepreneurs and SMEs and a range of incubator and accelerator programmes, all within the DMCC’s vibrant Jumeirah Lakes Towers district, in the heart of Dubai.

In March, DMCC entered into a memorandum of understanding (MoU) with the SCA to establish a regulatory framework for businesses offering, issuing, listing, and trading crypto assets in DMCC.

DMCC signed an agreement with CV Labs and CV VC in 2020 to support the development of a leading crypto ecosystem in Dubai. In February 2021, DMCC’s Executive Chairman and CEO, Ahmed Bin Sulayem, became a member of CV VC’s advisory board.

Image Credit: DMO