Dubai has announced a new financial sector reform plan, positioning virtual assets as a central pillar in its strategy to become a top global financial hub. The "Dubai Financial Strategy" aims to enhance the emirate's digital asset development and transition from traditional to digital financial services. Currently, the virtual asset industry contributes 0.5% to Dubai's GDP, equivalent to AED 2.2 billion (US$ 600 million). The plan targets increasing this contribution to 3%, or AED 13 billion (US$ 3.5 billion), as the sector grows.
Dubai Unveils Financial Reform Plan with Focus on Virtual Assets
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