Chainalysis, a blockchain data firm, has opened a regional headquarters in Dubai to strengthen its support for the United Arab Emirates’ (UAE) efforts to become a global crypto hub. The company has partnered with the UAE’s Ministry of AI, Emirates NBD, and other crypto stakeholders to provide training on blockchain technology. Chainalysis has also been working with government stakeholders to develop a regulatory framework for the crypto industry. The Dubai headquarters will not only serve the UAE but also support emerging crypto markets in India, Africa, and Central Asia. The UAE has positioned itself as a leading crypto hub, attracting major players in the industry and creating a favorable regulatory environment. With nearly 7.2% of global crypto transactions and over $389.8 billion in yearly on-chain value, the MENA region is poised for significant growth in the crypto space.
