Dubai government forms digital assets group

Authorities in Dubai have set up a new government department designed to promote the digital assets industry in the region.

The Dubai Digital Assets Business Group (D2A2) has been formed by the Dubai Chamber of Digital Economy.

Its key objectives are to promote Dubai’s digital asset industry, support local digital asset companies, provide more market intelligence and data to boost transparency, and foster cross-border cooperation.

D2A2 chairman Guarang Desai said: “We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets.

“That is why it is very important to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organisations across the world,” he added.

Desai also issued an invitation to “all experts” in the digital assets industry to help “spread the principles of accountability, integrity and transparency, and promote the highest professional and ethical standards”.

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