Latest from Al-Monitor PRO: What’s behind the UAE’s crypto push? - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

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Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. - Art Dubai, the Middle East's largest annual contemporary art fair, featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub. - RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Karim SAHIB / AFP)

In our latest Al-Monitor PRO memo, Gulf analyst Sebastian Castelier looks at what’s behind the UAE’s latest push to become a cryptocurrency hub.

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