UAE Bitcoin Conference Aims to Make Mid-East a Fintech Hub

ABU DHABI, United Arab Emirates – The Bitcoin Conference Abu Dhabi organizers hope to make the UAE a center for fintech, Bitcoin and blockchain innovation in the Middle East with its upcoming conference in Abu Dhabi on December 8, 2016.
Also read: Bitcoin Price Watch: President Trump Starts Field Day for Traders
In a press release, conference organizers noted that government agencies and businesses have expressed early interest in fintech, with over 30 firms and organizations starting work on fintech proof-of-concepts in 2016.
Furthermore, financial authority Abu Dhabi Global Market released a consultation paper in 2016 outlining plans to ‘create a sandbox environment for fintech under which startups would be allowed to work under a flexible regulatory framework for up to two years,’ the press release stated.

This post was published at Bitcoinist on 2016/11/10.