- Dubai has emerged as a major hub for crypto and Web3 companies, attracting both startups and established firms.
- Chainalysis has established its headquarters in Dubai for Southern Europe, the Middle East, Central Asia, and Africa.
There’s no doubt that Dubai, in the last couple of years, has become one of the hubs for crypto, and Web3 companies. Be it a startup or a well-established company, many firms are now starting to move to Dubai.
One of the players that recently set itself up in Dubai is Chainalysis, a blockchain intelligence company. The company announced that it has opened its headquarters in Dubai for Southern Europe, the Middle East, Central Asia, and Africa.
Chainalysis is officially in Dubai 🇦🇪 ! After 3️⃣ years of working closely with UAE’s public and private sectors, the opening of our regional headquarters only strengthens our commitment to supporting UAE’s crypto ecosystem, and advancing its vision to be a global crypto hub. 🌐 pic.twitter.com/1NRG2f4bWX
— Chainalysis (@chainalysis) May 8, 2024
This development follows three years of significant growth, establishing it as a leader in providing crypto investigation, Web3 growth, and crypto risk solutions to government and private sector entities in the region.
“The UAE government has spearheaded the crypto revolution with forward-focused regulations, and business-friendly policies. At Chainalysis, we have been actively driving the maturity of the region’s crypto ecosystem in line with the latest developments across the globe,” said Michael Gronager, CEO at Chainalysis in a press release.
Furthermore, to bolster the UAE's ambition of becoming a global crypto hub, Chainalysis has been actively collaborating with key government stakeholders. They provide advice and best practices to shape regulations and frameworks that are vital for nurturing a flourishing crypto ecosystem.
Edited by Harshajit Sarmah
