UAE to Bolster Crypto Adoption With Potential Inclusion in Trade

24 Jan 2023

UAE’s Minister of State for Foreign Trade, Thani bin Ahmed Al-Zeyoudi hinted at the inclusion of cryptocurrency in the nation’s trade partnerships and policies in 2023, Watcher.Guru reports. 

Appearing at the 2023 World Economic Forum in Davos Switzerland, Al-Zeyoudi stressed the importance of global governance in relation to cryptocurrencies and firms.

The foreign trade minister further claims that when the UAE creates its regulatory framework for cryptocurrencies, the focus would be on making the Gulf nation crypto-friendly with standard security. Al-Zeyoudi further said,

We started attracting some of the companies to the country with the aim that we’ll build together the right governance and legal system, which are needed.