Dubai – The Dubai government is preparing to make the Dubai World Trade Center a comprehensive zone and regulator for cryptocurrency, digital assets, operators, and exchanges to create new economic sectors.
Dubai World Trade Center Dubai Will develop a comprehensive ecosystem for this developed sector.
According to a statement issued by the Dubai Government’s Med or House, the Dubai World Trade Center will work with the private sector and related institutions in Dubai to create an attractive environment for the sector, and investor protection, anti-money laundering. (AML) will enforce stricter standards to combat terrorism financing (CFT).
The announcement, made in an effort to further develop Dubai’s virtual assets and markets, aims to create a framework for modern financial products and adopt new trends that rely on modern blockchain technology, such as non-fungible tokens.
NFT) and cryptocurrency. The World Trade Center will develop and oversee an international-standard regulatory framework for mutual assets to secure the sector in Dubai.