Abu Dhabi launches new cryptocurrency hub despite downturn

Despite a global slump, cryptocurrency is growing in the UAE in line with the government’s diversification goals.
DIRK WAEM/BELGA MAG/AFP via Getty Images
An illustration shows the skyline of Abu Dhabi in Dubai, United Arab Emirates, Oct. 27, 2021. - DIRK WAEM/BELGA MAG/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Abu Dhabi launched a new cryptocurrency project today. 

The Abu Dhabi Global Market’s crypto hub is a virtual platform to connect people to cryptocurrency and virtual asset companies. The announcement was made during the Abu Dhabi Finance Week currently taking place and fits with the United Arab Emirates’ economic diversification goals, the Abu Dhabi government's media office said in a statement. 

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