Dubai Pushes Grand Strategy to Become Global Crypto Capital

[tradelikepro]

Dubai is accelerating its bid to become a leading crypto hub, leveraging its sovereign oil wealth, Islamic finance foundations, and tax-free environment. The city has rolled out pilot programs in areas like real estate tokenization, taking advantage of its unique no-property-tax regime. Dubai also seeks to establish a Sharia-compliant digital economy, targeting the global Islamic finance market. However, challenges remain, including fragmented regulation and high operational costs for businesses despite its low-tax reputation.