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HOW DUBAI CAN BE NEXT

BLOCKCHAIN & CRYPTO HUB

CLL-ZF LESNUOC SIRUJNIF

 TABLE OF 01

02
/ The City of Dreams

/ Hot Cake in The Market

CONTENTS 03 / Scope For New System

04 / Perfect Commercial Destination

05 / Ideal Place for Blockchain and Crypto

06 / The Launch of DMCC Crypto Centre

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 THE CITY OF
DREAMS
In the last couple of years, the influx of
foreign investors has been dramatically
increasing for Dubai. The wealthy
economy of the country influences the
potential immigrants to set up their
Dubai is going to be the next ideal hub for
businesses in this city of gold.
Blockchain and Crypto. As tourism, real
estate, trade, and commerce usually
This is the only city of emirates that assist the GDP of this oil-rich city, it
allows credible businessmen to invest retained its financial prosperity during the
their funds in Dubai for lucrative return. time of global recession also. Currently,
The political uncertainty in London and Dubai increased its status to help the
Hong Kong permits Dubai to emerge as financial industry to make it the leading
the global financial centre for various player in Blockchain and Crypto
reasons. currencies.

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 HOT CAKE IN THE
MARKET

Blockchain is a hot cake in the

market. People are curious about the
everyday incidents of the world of
Blockchain and Crypto Currencies.

There has been major investment,

investigation, and lots of babble, but
the concept is still not in the
mainstream. They didn’t produce the
explosive alternations envisioned.
Many phenomenons are being
elaborated and developed, but none
have come out fruitful.

Source: coinmarketcap.com

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 SCOPE FOR NEW SYSTEM

Financial services are a ripe target for Banks almost have a decent reason to charge
Blockchain projects because today's banking the high service fees they are doing - their
systems are still supported archaic ideas that systems aren't efficient. These systems have
are faithfully and painfully digitized, and since many layers of redundant data, as everyone
these systems are archaic, they're expensive to involved in a transaction must have their
take care of and operate. version of the transaction details.

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 It’s going to take it slow to make up
trust in these new systems, provided
that the verifiers of Blockchain
So there's the business of ensuring
transactions don't seem to be the
that there's a trusted third party to
standard clearing houses that banks
clear of these transactions - requiring
use and trust today. Trust by the banks
even more versions of the identical
in new technology will take time, and
data. Blockchain technology holds
even more, time is going to be needed
out the promise of addressing these
for that trust to trickle right down to
issues, as each transaction is
consumers.
captured in barely ONE block on the
chain. Because it's a distributed
database, security and integrity are
built-in and guaranteed.

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PERFECT COMMERCIAL
DESTINATION
Dubai has been considered the perfect commercial destination
for investors of various countries. The town seems extremely
attractive for setting an enterprise. The world recession has
undeniably affected numerous industrial sectors around the
world. Many skilled and qualified professionals lost their jobs.
As Blockchains and Crypto
Even the economy of the bulk of states dropped down in this currencies are trending in the
tough time but Dubai has maintained its growth during that market, Dubai can be the absolute
period. So business immigration to Dubai is often a rewarding place to encase the geometric
option for all outside investors in terms of economic return. growth of these new concepts.

The nice infrastructure and connectivity system of the town

made a favourable environment for credible and large
multinationals companies to set up their financial institutions in
Dubai. Now it has been densely populated by outside investors
for business purposes.

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 IDEAL PLACE FOR
BLOCKCHAIN AND
CRYPTO Flexible Legal System

The flexible legal system makes Dubai an appropriate location to

expand your business. Dubai offers equal opportunities from the
financial domain to start-ups and hospitality. As it is situated within
the prime area of the United Arab Emirates, the profit-making rate
of any business is far more than other locations.

Developed Cities

Dubai is one of the rapidly developed cities within the world and
one of the outstanding cosmopolitan hubs. The city gives a plethora
of opportunities for business immigrants to invest their money to
do any reasonable business here. The multinational companies
from the US, the UK, and Europe started their branches here.

Broad-minded Environment

Lavishness, a broad-minded environment, and commendable

returns are the key factors for a business enterprise. As the city is
booming economically, the investments in Blockchains and Crypto
currencies will give you a decent return in Dubai. Dubai Multi
Commodities Centre creates an ecosystem for businesses
operating in Crypto currencies and Blockchains.

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THE LAUNCH OF
DMCC CRYPTO CENTRE
 Dubai Multi Commodities Centre (DMCC) has launched the DMCC Crypto Centre,
an ecosystem for businesses operating within the cryptographic and Blockchain sectors.
Situated within the Almas Tower, the DMCC Crypto Centre is ready to be a hub for the
event and application of Crypto and Blockchain technologies.

It offers a home to any or all types and sizes of crypto businesses, from companies
developing Blockchain-enabled trading platforms to firms offering, issuing, listing, and
trading crypto assets.

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 The centre will house a crypto advisory practice led by CV Labs, the entity behind the
Switzerland government-backed Crypto Valley, which has previously spawned crypto leaders
like Cardano and Ethererum. The new facility will offer co-working spaces to crypto
entrepreneurs and SMEs and a spread of incubator and accelerator programs, all within the
DMCC’s Jumeirah Lakes Towers district. So, Dubai can be next Blockchain & Crypto Hub.

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 Finjuris is a legal consultancy firm that believes in
changing the world. We are consistent, patient, and
professional, giving each new client the attention it
deserves. An integral part of our services is to work
closely with our clients so that they can make the
right decisions to their legal needs.

Thank You. Adv. P.M. Mishra

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