PANews reported on October 13th that, according to Cailian Press, Dubai recently launched a comprehensive financial sector reform plan aimed at propelling it toward becoming one of the world's top three financial centers. The Dubai government's media office stated that under the newly released "Dubai Financial Strategy," virtual assets, capital markets, and financial technology will become key pillars of Dubai's future economic growth. According to the Dubai government's plan, this financial sector reform plan will accelerate the development of Dubai's already leading digital asset development and promote the transition from traditional finance to digital financial services. The virtual asset industry, established three years ago under the UAE Virtual Assets Law, currently contributes approximately 0.5% of GDP, or AED 2.2 billion (US$ 600 million). Dubai aims to increase this contribution to approximately 3%, or AED 13 billion (US$ 3.5 billion), as the virtual asset ecosystem expands.PANews reported on October 13th that, according to Cailian Press, Dubai recently launched a comprehensive financial sector reform plan aimed at propelling it toward becoming one of the world's top three financial centers. The Dubai government's media office stated that under the newly released "Dubai Financial Strategy," virtual assets, capital markets, and financial technology will become key pillars of Dubai's future economic growth. According to the Dubai government's plan, this financial sector reform plan will accelerate the development of Dubai's already leading digital asset development and promote the transition from traditional finance to digital financial services. The virtual asset industry, established three years ago under the UAE Virtual Assets Law, currently contributes approximately 0.5% of GDP, or AED 2.2 billion (US$ 600 million). Dubai aims to increase this contribution to approximately 3%, or AED 13 billion (US$ 3.5 billion), as the virtual asset ecosystem expands.
Dubai launches financial sector reform plan, listing virtual assets as one of the three pillars
PANews reported on October 13th that, according to Cailian Press, Dubai recently launched a comprehensive financial sector reform plan aimed at propelling it toward becoming one of the world's top three financial centers. The Dubai government's media office stated that under the newly released "Dubai Financial Strategy," virtual assets, capital markets, and financial technology will become key pillars of Dubai's future economic growth. According to the Dubai government's plan, this financial sector reform plan will accelerate the development of Dubai's already leading digital asset development and promote the transition from traditional finance to digital financial services.
The virtual asset industry, established three years ago under the UAE Virtual Assets Law, currently contributes approximately 0.5% of GDP, or AED 2.2 billion (US$ 600 million). Dubai aims to increase this contribution to approximately 3%, or AED 13 billion (US$ 3.5 billion), as the virtual asset ecosystem expands.
Market Opportunity
Virtuals Protocol Price(VIRTUAL)
$0.8109
$0.8109$0.8109
USD
Virtuals Protocol (VIRTUAL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week
TLDR Bitcoin ETFs recorded their strongest weekly inflows since July, reaching 20,685 BTC. U.S. Bitcoin ETFs contributed nearly 97% of the total inflows last week. The surge in Bitcoin ETF inflows pushed holdings to a new high of 1.32 million BTC. Fidelity’s FBTC product accounted for 36% of the total inflows, marking an 18-month high. [...] The post Bitcoin ETFs Surge with 20,685 BTC Inflows, Marking Strongest Week appeared first on CoinCentral.
Share
Coincentral2025/09/18 02:30
UL Research Institutes’ Chemical Insights Scientist Receives Achievement Award from The Society of Toxicology
ATLANTA–(BUSINESS WIRE)–UL Research Institutes’ Chemical Insights scientist Katie Paul Friedman, Ph.D. has received the prestigious 2026 Achievement Award from
Share
AI Journal2026/01/21 03:46
Revolut wil banklicentie in Peru en zet vol in op remittances en stablecoins
De Londense fintech Revolut zet een nieuwe stap in zijn internationale expansie en heeft een aanvraag ingediend voor een volledige banklicentie in Peru. Met deze
Share
Coinstats2026/01/21 03:10