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Dubai Is Set To Host The 10th Global Blockchain Congress

Agora’s 10th Global Blockchain Congress is happening in Dubai on November 23rd and 24th, and promises to be a must-attend event.

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dubai is set to host the 10th global blockchain congress

Crypto fans from the Middle East and further afield are gearing up for the 10th Global Blockchain Congress, taking place in Dubai on November 23rd and 24th.

The Global Blockchain Congress is a world-renowned flagship event that focuses on the massively scaling public blockchain ecosystem and its capabilities. The event organizers, Agora Group, will showcase how the Blockchain can change the world, bringing insightful dialogue, announcements and product launches to this big UAE event.

This year, the event’s main themes are Digital Asset Regulations in the GCC, Web3 Platforms, Metaverse, Gaming, and NFTs. The expo is an exclusive closed-door congress that can only be accessed through an invite-only scheme, and will feature over 60 speakers, 150 investors, 30 sponsors, 20 media partners and well over 300 delegates.

Some of the event’s key partners and sponsors include:

  • Strategic Partners: Bluemoon
  • Gold Sponsors: Animal Concerts, Bitsliced, CryptoPerformance, Ghost Ivy, GoArt Metaverse, Securrency Capital, & Wild vEarth
  • Silver Sponsors: Boba Network, Caesium Lab & EverdreamSoft
  • Bronze Sponsors: Funganomics, Kinetix & MOI
  • Partners: Crypto Oasis, DEX Ventures, Galaxy, Kommunitas, Listing.Help, NewTribe Capital, SwissBorg Ventures & V2B Labs

The event promises educational talks from several distinguished speakers, including Amit Mehra, Asim Ahmad, Christian Borel, Dr. Simon Hassannia, Feras Al Sadek, Gaurang Desai, H.E. Gabriel Abed, Omar Rahim, Ralf Glabischnig, Saqr Ereiqat, Tim Grant and Valerie Hawley.

Also Read: Everdome Announces First-Ever Metaverse Soundtrack

Previous Global Blockchain Congress events have been a runaway success, and have hosted over 1,000 investors and 250 blockchain startups, raising millions in funding for partner projects worldwide.

As the world becomes increasingly connected, and technologies such as NFTs, AI and the Metaverse become more commonplace, the event will provide a forum to discuss how legal frameworks for digital assets can be built, as well as how these new technologies will fit into the world of gaming.

Further announcements are expected as we get closer to the event, but for now, you’ll need to register your interest here, as spots are strictly limited.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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