They snap up the crypto-experts – Some countries have understood the immense potential of growth and D’innovations what can they bring Bitcoin (BTC) and cryptocurrencies. It is, for them, a real course to the one who will the most attractive proposal to the still few experts in the cryptosphere. The United Arab Emirates attract crypto-talents with « golden visas » allowing them to settle there permanently.
A favorable environment for crypto-entrepreneurs in the UAE?
The United Arab Emirates (UAE) want to be at the forefront of technologies related to Bitcoin (BTC) and cryptocurrencies. They have already succeeded in attracting industry giants like FTX or Kraken thanks to crypto-friendly legislation.
As reported in a recent Bloomberg article, the UAE wants to attract “more than 300” digital companies. Since the start of this “attraction” program last July, a quarantine of them would be déjà “moving” in the Emirates, according to their Minister of State for Foreign Trade.
“The timing was crucial, as we noticed (…) that many companies wanted to relocate due to inflation and the tightening regulatory environment in many parts of the world. »
Thani Al Zeyoudi, Minister of State for Foreign Trade of the UAE
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A “golden” passport to the Arab Emirates for crypto pros
This program is of course not devoid of strong incentives coming to settle in the United Arab Emirates. Blockchain and other FinTech companies are, in fact, offered for their employees « golden visas ». These allow residence until 10 ans in the UAE.
The avowed goal of the Emirates is to build real technology centers on their territory. It would not be dependent solely on income from the production of oil.
“We want to make sure that we take advantage of the fourth industrial revolution. So the latest technologies, whether it’s the Internet of Things (IoT), blockchain (DLT), artificial intelligence (AI). (…)”
Thani Al Zeyoudi, Minister of State for Foreign Trade of the UAE
And pari which is already quite large successful for the United Arab Emirates. Indeed, in addition to the previously mentioned FTX and Kraken, the UAE has also managed to attract the famous crypto exchange Binance. The latter thus already helps to simplify payments in crypto-assets in the Emirates, thanks to its Binance Pay offer.
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