TL;DR Breakdown • The United Arab Emirates prepares to benefit from crypto growth in the market.• Cryptocurrency platform Bittrex seeks to participate in these new crypto adoptions in the UAE. This 2021 has been the best time for crypto growth, which has intensified globally. Dubai is one of the new countries to enter the decentralized financial market and has shown its appreciation for cryptos. According to Bittrex Global’s CEO, the UAE is preparing to adopt cryptocurrencies and its entire Blockchain network. Stephen Stonberg, Bittrex director, believes that Dubai is going on the right path to adopt and implement Blockchain technology in the country. Stonberg believes these new crypto adoptions could give a boost to the cryptocurrencies prices. New measures in Dubai to improve crypto growth As a financial hub in the UAE, Dubai has created new measures to boost crypto growth. Stonberg longs for sovereign agencies in the Middle East to follow Dubai’s moves and its crypto adoption methods. In May, the IATA Dubai Free Region agency signed a contract with the SCA that supported the regulation and trade of cryptocurrencies. The France DMCC region created a crypto payment platform that supported the purchase of sugar. But the Bitcoin Foundation was present in the Nasdaq Dubai market for June, being historical participation. According to Stonberg, Dubai would do great if it uses cryptocurrencies as a payment and trading...
