The United Arab Emirates (UAE) has become a great choice for crypto businesses, according to Saqr Ereiqat, co-founder of the venture-building firm Crypto Oasis. In an interview with Cointelegraph, he explained that businesses should consider different factors when deciding the ideal location for their crypto companies. These include the country’s regulatory infrastructure, digital infrastructure, and capacity to attract a global pool of talent -- all of which the UAE offers.

Comparing the UAE to the United States in terms of crypto regulations, Ereiqat stated that both countries have their own strengths and weaknesses. He suggested, however, that the UAE is more “business-friendly” when it comes to the crypto ecosystem. He also mentioned that the region has enough capital to fund projects. As further evidence of growing interest in the region, the latest data they have shows that there are more than 1,800 Web3 organizations, with 8,000+ individuals working in the space.

At the Dubai Fintech Summit event, Coinbase CEO Brian Armstrong said that the US is some distance behind in terms of regulatory clarity, making the UAE an attractive international hub for Coinbase. Similarly, Ripple CEO Brad Garlinghouse also shared his frustration with US regulations, highlighting how defending themselves from the SEC is going to cost Ripple around $200 million.

It is clear that the UAE is positioning itself as a prime destination for businesses looking to enter the crypto industry. With the region offering favorable regulatory infrastructure, adequate capital, a rich digital landscape and a powerful pool of talent, it looks set to become one of the most attractive places for these businesses to call home.



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