Bloomberg: FTX chaos prompts reckoning on Dubai’s embrace of crypto giants

11/27 10:35

According to Bloomberg, the aftershocks of FTX have reverberated particularly hard in the United Arab Emirates -- especially in Dubai, which has been working to lure the world’s largest firms with its crypto-friendly policies. FTX, Three Arrows implosions trigger debate over regulation. While some financial centers tightened regulations, many UAE officials promoted virtual assets as a gold mine for economic growth and pivotal in the nation’s diversification strategy beyond fossil fuels.
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