• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BlackRock's Investment in Crypto-Friendly UAE and License for Operations

user avatar

by Giorgi Kostiuk

a year ago

BlackRock, an American multinational investment company, has obtained a commercial license to operate in Abu Dhabi, which was approved on November 18. This move emphasizes the company's interest in the crypto-friendly UAE.

Acquisition of Commercial License

BlackRock has been granted a commercial license to conduct operations in Abu Dhabi, confirming its intent to establish a presence in the UAE.

Focus on Artificial Intelligence

In an interview with Bloomberg, BlackRock's Middle East head Charles Hatami stated that the firm continues to focus on private markets and artificial intelligence infrastructure. This decision aligns with broader AI investments in Abu Dhabi, including Microsoft's $1.6 billion investment in tech firm G42.

Future Plans

While BlackRock has not disclosed further plans for the UAE, the company is considering obtaining a license in the Abu Dhabi Global Market (ADGM). Charles Hatami emphasized Abu Dhabi's significance as a global financial center, highlighting the focus on sustainable growth.

BlackRock is strengthening its presence in the UAE by acquiring a license to operate in Abu Dhabi. The focus on artificial intelligence and consideration of further expansion underscore the region's importance to the company.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.