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Crypto Has a Major Role in UAE’s Global Trade; Says Al-Zeyoudi

Published 01/21/2023, 03:47 PM
Updated 01/21/2023, 04:15 PM
Crypto Has a Major Role in UAE’s Global Trade; Says Al-Zeyoudi

  • Thani Al-Zeyoudi, the MoS for Foreign Trade, declared that crypto would have a major role in the UAE’s global trade.

  • He added that UAE aspires to become a fully-fledged crypto hub.

  • The minister told that the crypto regulations implemented by the country focus on the establishment of a crypto hub, with crypto-friendly policies.

At the World Economic Forum’s (WEF) annual summit at Davos, Switzerland, Thani Al-Zeyoudi, the UAE’s Minister of State for Foreign Trade declared that crypto would have a crucial role in UAE’s global trade.

Notably, Al-Zeyoudi stated that UAE seeks to have significant regulations on crypto to promote further growth in the already flourishing crypto industry.

Further, the minister told that the Emirates would ensure global governance of crypto:

Crypto will play a major role for UAE trade going forward…The most important thing is that we ensure global governance ...

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