Bitcoin's development in the Web3 field in the Middle East #bitcoin #bitcoin #blockchain #Ethereum #cryptocurrency #virtual currency #currency circle #stock market

Hello everyone, this is Fengkou Finance, with insights into the veins of wealth, you will come back after all your money is gone. Today I would like to talk to you about the development of the Web3 field in the Middle East.

The Middle East has made significant progress in the Web3 field. The United Arab Emirates (UAE) has established not only Dubai’s Virtual Asset Regulatory Authority (VARA) but also the Abu Dhabi Global Market (ADGM). Last year, ADGM-based Hub71 launched a whopping $2 billion program to support Web3 startups in the region. Thanks to its positive attitude towards cryptocurrencies, innovation and tax incentives, the UAE has become a gathering place for cryptocurrency and blockchain projects and funds. At the same time, its rival Saudi Arabia has also shown its ambitions to build itself into a new Web3 center.