UAE's Twin Crypto Hubs: Abu Dhabi & Dubai
Update: 2025-12-12
Description
The United Arab Emirates is pursuing a strategic approach to digital assets, with Abu Dhabi focusing on institutional Bitcoin and Dubai building a broader crypto economy. Abu Dhabi aims to attract major players in custody, mining, and regulated capital markets, while Dubai focuses on payments, stablecoins, and real-world utility. This approach is complementary, with Abu Dhabi building crypto Wall Street and Dubai creating a daily-use digital asset ecosystem. Recent developments, such as the launch of Bitcoin MENA and Binances regulatory approvals in Abu Dhabi, support this institutional Bitcoin thesis. In Dubai, stablecoins and payments are gaining traction, with state-owned telecom giant e& preparing to test a dirham-backed stablecoin for bill payments.
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