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Web 3.0 Expert Kevin O’Leary To Speak At Blockchain Awards

The chairman of O’Leary Ventures and star of ABC’s Shark Tank will deliver a keynote speech at the Middle East Blockchain Awards.

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web 3.0 expert kevin o'leary to speak at blockchain awards

Crypto and future technology enthusiasts worldwide are gearing up for Abu Dhabi’s Middle East Blockchain Awards, which will take place on November 18th. To mark the occasion, web 3.0, blockchain, and cryptocurrency expert Kevin O’Leary will deliver an important keynote speech.

O’Leary will travel to Abu Dhabi as an ambassador of the business expansion initiative known as Access Abu Dhabi. The program is supported by the Abu Dhabi Investment Office and acts as a conduit for businesses entering the city’s thriving startup and innovation ecosystem. O’Leary has traveled to Abu Dhabi three times over the last two years and has considerable experience as a Web 3.0 investor.

“It’s a massive honor to have Kevin O’Leary deliver a keynote speech at the first edition of the Middle East Blockchain Awards. He’s a well-respected and renowned personality on an international level, especially for his work with blockchain and crypto. This is a phenomenal start to what we’re sure will become a long-lived series of Awards ceremonies recognizing some of the region’s finest Web 3.0 achievements,” says Bally Singh, Chairman, and Co-Founder of Hoko Group.

Also Read: Abu Dhabi Airports Exploring Options For Air Taxis

The Middle East Blockchain Awards will be supported by GEM Digital Limited, the headline sponsor, with support from the Abu Dhabi Residents Office, Inery Blockchain, and Everdome, the first hyper-realistic metaverse.

As to the ceremony itself, this year’s MEBA will be held in the beautiful Palm Garden of the five-star W Abu Dhabi – Yas Island, on the same weekend as the Formula One races. The black-tie event promises to be a spectacular evening and will be attended by high-profile individuals and a large panel of expert judges.

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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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