Establishing a center for digital assets and “Blockchain” in Dubai

The Dubai World Trade Center Authority Free Zone and CNMENA Holding, the parent company of CoinMENA, which specializes in the exchange of Sharia-compliant digital assets, announced the signing of a Memorandum of Understanding (MoU) aimed at establishing a center for digital assets and blockchain technology. In the Dubai World Trade Center.

The center said in a statement that the agreement was signed at the Coinmena pavilion during the Blockchain Future Summit, one of the events organized by GITEX 2021.

The MoU was signed by Abdullah Al Banna, Vice President of Free Zone Operations at the Dubai World Trade Center, and the founding team of Queen MENA.

Through the memorandum, the two companies intend to cooperate to establish a center for digital assets and “Blockchain”, in a move that encourages major companies in the region and the world to establish branches in the free zone of the Dubai World Trade Center authority, where the authority of the center provides a distinctive and organized work system for companies that Looking for local and international opportunities, the free zone is an ideal environment for start-ups, SMEs to operate locally, as well as access to international markets.

The two parties will also cooperate in paving the way towards establishing an ideal regulatory environment within the free zone.

The agreement aims to lay the foundations for mutual dialogue and establish frameworks to define aspects of cooperation between the two parties in the future, in addition to relocating the headquarters of CNMENA Holding in the UAE to the free zone of the Dubai World Trade Center authority to establish a center dedicated to attracting talent and meeting their future needs in the fields of engineering. compliance and supply.

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