KEY FACT: Blockchain Intelligence Platform, Chainalysis, has established a regional headquarters in Dubai for Southern Europe, Middle East, Central Asia, and Africa regions. The firm aims to deepen its support of the UAE’s global crypto hub push.
Chainalysis Dubai office opening - group pic. Image Courtesy: Chainalysis
Chainalysis, establishes Regional HQ in Dubai
Chainalysis, the global blockchain intelligence platform, has inaugurated its headquarters in Dubai. The headquarters in Dubai will support other emerging crypto markets including India, Africa, Central Asia, Southern Europe, and the Middle East. This development was sealed after Chainalysis' three years of exponential growth in the region. According to a local report, this setup would enable Chainalysis to recruit skilled professionals specializing in traditional finance, regulatory compliance, and Web 3 technologies to operate from its Dubai headquarters.
The creation of the regional headquarters would foster Chainalysis' partnership with the UAE’s Ministry of AI, Emirates NBD, and other crypto stakeholders to help employees upskill on blockchain tech.
In the past years, Chainalysis has established itself as the leading provider of crypto investigation, Web3 growth, and crypto risk solutions to government and private sector entities. They are taking advantage of the UAE government's business-friendly policies to build. The inauguration of the regional headquarters in Dubai, UAE signals Chainalysis' commitment to delivering not only the technologies, but the knowledge and support local entities need to capitalize on this tremendous opportunity that is unfolding.
Michael Gronager, CEO at Chainalysis has expressed optimism that the company would thrive in UAE and the regions its headquarter covers.
“The UAE government has spearheaded the crypto revolution with forward-focused regulations, and business-friendly policies. At Chainalysis, we have been actively driving the maturity of the region’s crypto ecosystem in line with the latest developments across the globe,”
Gronager furthered that Chainalysis is aware of the opportunities for crypto and blockchain innovation that abound in the UAE economy as it emerges as a global hub for innovation and skills market.
“The true potential and value of cryptocurrencies lies in their ability to transfer value, and we're seeing an upward trend of overall transfer activity. Utilisation is the underlying success story of the industry, and the UAE is strongly positioned to lead innovation with novel use cases that deliver tangible value to consumers and businesses.”
Before now, Emirates National Bank of Dubai (NBD), a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, announced Chainalysis as a key council member of the Digital Asset Lab. This involvement with key government stakeholders was reached to provide best practices for the development of a cryptocurrency regulatory framework for the UAE economy.
This development is happening at a time when some nations of the world, like Nigeria, are closing their doors against cryptocurrency and related blockchain innovations. It is obvious that the UAE economy is positioned for the future and this can be evidenced in its fast-paced infrastructural development and economic growth.
This feat would aid Chainalysis to further its support of the UAE’s push to be a global crypto hub.
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