At the World Economic Forum 2020 (WEF) in Davos, Switzerland, the development was revealed by the Dubai Multi Commodities Centre (DMCC). According to the announcement, the purpose is to encourage growth, development and proper networking within the global blockchain economy.
The Chairman further added that the crypto valley will be great for Dubai’s business environment and directly falls in line with the UAE government’s plan to attract businesses, entrepreneurs and innovators into the region.
In October last year, the Dubai Department of Economic Development announced a unified business registry powered by blockchain technology.
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