From NFT stamps to becoming the home of Binance’s CEO, Dubai’s pro-crypto stance is cementing itself as one of the global hubs for all things blockchain. (Via CointelegraphZN)
Dubai, the largest city in the United Arab Emirates, is thecapital of the Emirate of Dubai, one of the seven emirates that make up the UAE. Rising from the Arabian Desert and bordered by the Persian Gulf, the city is often likened to an oasis — its glistening skyscrapers, multiethnic population and high-tech, pro-business atmosphere impose a stark contrast to the landscape.
Existing in the center of global tensions — with Iraq, Iran, Pakistan and Afghanistan on the northern side of the Gulf and Yemen to the South — the UAE has earned a reputation as a neutral player. The combination of relative geopolitical neutrality, a technologically advanced military and a welcoming business environment invites comparisons to Switzerland, the mountain nation where European monarchs and aristocrats have long deposited their gold.
The Dubai Multi Commodities Center’s marketing materials boast that “Dubai gives you access to 65% of the world’s GDP in 8 hours or less,” owing to its location in the middle of Afro-Eurasia, which makes it a natural meeting point between Europe, Asia, Africa and the Middle East. This reality is both geographic and cultural, given thatalmost 90% of the population. Dubai International Airport, or DXB, is among the busiest in the world, handling 88 million passengers per year.
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