Dubai’s Department of Economy teams up with VARA to integrate virtual asset service offering to UAE market

Dubai’s Department of Economy teams up with VARA to integrate virtual asset service offering to UAE market

The Dubai Department of Economy and Tourism and the Virtual Assets regulatory Authority have signed an MOU to unify VASP ( virtual asset service provider) offering in the city.

The two entities will collaborate to offer a synchronised VA market assurance across the Emirate of Dubai – spanning [Public/Marketplace] Customer Care + Complaints; [Business] On-Site Inspection + Enforcement; [Business] VASP Registration + Licensing; [G2G + G2B + G2C] Education-Training-Knowledge Sharing.

As per the MOU, both parties agree to pool their complementary capabilities to lay robust foundations that will aid Dubai’s GDP contribution to the expanding global New Economy portfolio, reinforcing the city’s reputation as an attractive, innovative, and secure global hub for Virtual Asset Service Providers (VASPs), operators, and customers.

The MoU’s scope further strengthens VARA’s commitment to achieving full transparency and market conduct adherence across VASPs licensed to operate in Dubai, so that the reputation and credibility of the UAE as the preferred hub for the global sector are automatically established.

VASPs will benefit from seamless workflow processes between both parties with DET adding VARA activities to its system for virtual assets licence issuance. DET will undertake robust inspections and support VARA with in-situ enforcements including deploying penalties such as suspensions or revocations in cases of proven negligence or non-compliance with VARA rules, in addition to Business as Usual application renewals for VASPs that meet VARA’s requirements in full. VARA will be included on DET’s E-Permit system, which will enable one-touch point approvals on VA events and both parties will actively collaborate on awareness campaigns for VARA product and licensing updates, as well as data sharing protocols and legacy onboarding.

In keeping with Dubai Government’s commitment to improving business and market service delivery, this partnership between VARA and DET will also seek to leverage the Dubai Corporation for Consumers Protections & Fair Trade (DCCPFT) department at DET by upgrading it with specialist VA know-how from VARA, thereby optimising government resources and provide a transparent, seamless customer experience.

Both parties will also collaborate on marketing campaigns designed to raise general awareness towards consumer protection and developments in the virtual assets sector including communicating consumer protection information and advice. DET, in co-ordination with VARA, will also publish relevant notices and warnings, including penalty notices and consumer protection advisories, on its website and the DCCPFT website.

The doubtful nature of Islamic Coin and the Haqq Blockchain network and Association

The doubtful nature of Islamic Coin and the Haqq Blockchain network and Association

For almost a year now, as a blockchain and crypto blogger I have been reading about the Haqq Blockchain network through their press releases, and this has raised doubts about the entity and its activities. 

First doubt came with  the announcement of the large investment they claim to have raised. First it was $200 million dollars raised in August 2022 in a private sale where none of the HNWI investors were mentioned. Then almost a year later in July 2023, Haqq Blockchain/Islamic Coin announced another $200 million investment, this time stating it was from ABO Digital, a subsidiary of multi-family office Alpha Blue Ocean Group.

Looking closer at this announcement of the $200 million from ABO Digital, the information states, “The latest partnership will entail introducing Islamic Coin to the ABO network of investors and helping the team structure innovative Shariah-compliant financial products that could be used in the digital asset space to raise alternative funding. The deal provides access to a maximum of $200 million as and when required and ensures Islamic Coin has a long and stable runway.”

So the investment is available as and when required and is part of a Shariah compliant financial products offering. In the announcement, ABO Digital CEO Amine Naedjai commented, “ABO Digital is thrilled to collaborate with Islamic Coin as an alternative finance provider. This ambitious project, supported by a stellar team, is revolutionizing the Shariah-compliant market by introducing digitization. We are honored to have been selected as a partner.”

So it is an investment or a partnership to launch a product?

But what is HAQQ Blockchain? It is an EVM-equivalent chain, based on Cosmos SDK. The creators state that its Islamic Coin is a Shariah-compliant, ethics-first Islamic Coin.  They also state that the Haqq Blockchain is supervised by the HAQQ Association a Swiss based (non-profit) association funded via donations.

As for their partnership announcements they also have a lot of grandeur words and PR but nothing really practical on the ground. In April 2023, they published a press release announcing  what they called a “Significant Partnership for the Global Islamic Market” with London based DDCAP Group. In a closer look it is not a partnership yet, or even an alliance. It is an MOU (Memorandum of Understanding) to explore the “potential opportunities of working together”. Till now August 2023 nothing further on this front has been announced.

Then on August 10th 2023, Islamic Coin Haqq Blockchain announced what they call four significant MOUs with what they call are leading private and government affiliated services in the UAE in immigration, medical wellness and travel industries.

Looking closer at these 4 entities the significance of the MOUs fade. The first entity is MB, Speciality Medical Center, with their website showcasing exactly three doctors. As for 24 Seven Government transactions Center for immigration services, the company doesn’t even have a website and its twitter page has 74 followers!

Still two to go, the IV Wellness Lounge Clinic, is a boutique beauty clinic, and finally Middle East Holiday no information could be found on it!

So in Haqq Blockchain latest press release on these four MOUs where none of the partners are even quoted, the press release states, “MBM Specialty Medical Center, 24 Seven Government Transactions Center, IV Wellness Lounge Clinic and Middle East Holiday, in total serving millions of customers all over the world every year, have joined the Islamic Coin – Haqq partnership network.”

First look at the wording, these 4 entities serve millions of customers all over the world!!! Second they have joined Islamic Coin! It is an MOU when did MOUs become partnerships?

As for the quote in the release, “I am incredibly pleased and honored to be working together with our four incredible new partners. Today, we have brought Islamic Coin to the industries that form the core of everyone’s consumption patterns – from travel to medical care – and we look forward to continuing on the path to adoption, in the Muslim world and beyond,” commented Islamic Coin founder Mohammed AlKaff Al Hashmi.

But let us not stop just there, on reading the white paper, there are no financials, no segmentation of tokens, and no roadmap information.

Finally on the Haqq Network website it showcases 15 partners in its ecosystem of those only five are live! Yet Haqq network states on its website that it has 520,060 mainnet accounts with 10,000 transactions in last 24 hours.

Haqq Blockchain has stated that it will launch its Islamic Coin (ISLM) on the 1st of September 2023 on centralized and decentralized exchanges.

So be ready….. or Not!

Gayo Aviation accepts crypto payments using UAE based HAYVN Pay

Gayo Aviation accepts crypto payments using UAE based HAYVN Pay

Swedish and UAE based Gayo aviation, a luxury travel company that offers aircraft management, consulting services, aircraft purchase and sales and flight deck services is now offering crypto payments utilizing UAE HAYVN Pay.

HAYVN Pay is a part of HAYVN, a digital asset-focused financial institution regulated in Australia (AUSTRAC), Lithuania (FNTT), Abu Dhabi (ADGM), the Cayman Islands (CIMA) and the British Virgin Islands (BVI). HAYVN Pay aims to drive cryptocurrency payment adoption by providing accessible, trusted crypto payment solutions.

Christopher Flinos, Chief Executive Officer at HAYVN said: “The interest in paying in cryptocurrency extends across all major asset industries including gold, jewellery, watches, exotic cars, boats, real estate, and handbags. HAYVN Pay aims to bring cryptocurrency payment solutions to 75% of the world’s merchants by 2024. Cryptocurrency accounts for 20% of total luxury sales in 2023. I welcome Gayo Aviation to the HAYVN Pay ecosystem and look forward to providing its customers with a safe, seamless cryptocurrency payment option.”

Ravi Dueland, Business Development Director at Gayo Aviation said: “We are proud to enable our customers with another payment method through HAYVN Pay and have already performed our first flight using HAYVN Pay. In today’s evolving new economy it’s important to provide your customers with multiple options to enable payments. We have noticed an increase in the demand for payments using digital assets and are delighted to be able to offer this to our clients through this partnership. We look forward to continuing enhancing our customers’ experiences through innovation.”

Blockchain technology enabled 95% of UAE court cases to be conducted remotely

Blockchain technology enabled 95% of UAE court cases to be conducted remotely

The UAE Ministry of Justice announced in its 2023 digitization report that utilizing blockchain technologies and video communications, 95% of court cases were conducted remotely. In addition all marriage services were completed digitally. The ministry introduced a digital system that can issue powers of attorney in less than 10 minutes without any human involvement. 

As per the news, this achievement aligns with the UAE’s digital agenda, reflects the ministry’s commitment to its digital transformation journey, and aligns with the UAE’s 2025 Digital Government Strategy.

The ministry developed a comprehensive and innovative digital system, which allowed the remote completion of marriage services in the first quarter of this year, facilitating users’ dealings and reducing paperwork. The Ministry of Justice also announced that in the first quarter of the year, the Notary Public used video conferencing and blockchain technology to generate 99 percent of powers of attorney in a digital format. 

Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, said that this achievement underscores the ministry’s keenness to provide a wide range of comprehensive e-services to save customers time and enhance their user experience, in line with the directives of the UAE’s leadership and the UAE Government’s objectives.

The ministry introduced a digital system that can issue powers of attorney in less than 10 minutes without any human involvement. The first phase of the system only covered lawyers’ powers of attorney, but it has now been extended to other types of powers of attorney, such as those for cars, stocks, real estate, disputes, licencing and cases.

Samsung launches its new devices on UAE’s e& universe metaverse

Samsung launches its new devices on UAE’s e& universe metaverse

Samsung Gulf Electronics has hosted its Galaxy Unpacke event in UAE’s e& metaverse. The event will allow users to pre order their favourite Galaxy devices in the virtual space and take advantage of the exciting pre-order offers on the new devices as well as exciting pre-order offers Samsung is rolling out on the new devices across UAE and the wider GCC. These include free storage capacity upgrades, free Samsung Care+ support service, trade-in benefits, Samsung Rewards as well as free mobile accessories.

At the Galaxy Unpacked event that took place in Korea for the first time, Samsung unveiled a slew of new devices that included the Galaxy Z Fold5, Galaxy Z Flip5, Galaxy Tab S9 Series and the Galaxy Watch6 Series. This was the first time Samsung took to the metaverse and partnered with a global technology group such as e& to host a unique activation.

Commenting on the occasion, Khaled Elkhouly, Chief Consumer Officer, etisalat by e&, said: “At e&, we are committed to fostering partnerships that drive innovation. We’re thrilled to collaborate with Samsung and host its global Unpacked event in the e& universe, showcasing the full potential of our revolutionary metaverse. Bringing together various zones of boundless possibilities, the launch of e& universe is set to reshape the way we interact, explore and create, offering all our users a truly immersive experience. With our shared commitment to redefining possibilities, we are excited to embark on this journey and shape the future of the metaverse.”

DooHee Lee, President, Samsung Gulf Electronics, said: “The unwavering support from our technology partners, such as e&, especially during flagship product launches is truly encouraging. At Samsung, we constantly strive to challenge boundaries, foster forward-looking thinking, and encourage open collaboration with industry leaders. Hosting our global Galaxy Unpacked event in the e& universe has truly been a milestone; we look forward to more of such exciting collaborations and bringing the best of technology to our users.”

Hosted virtually in Arcadia Planitia, a virtual place on Mars, e& universe is a strategic and ambitious tribute to the UAE’s national space strategy and the success of the Hope Probe mission, the first mission led by an Arab country. e& universe invites users into a vibrant and dynamic digital realm, offering a multitude of exciting areas to explore and enjoy including e& universe Virtual Home, e& universe Shop and e& universe Arena & Stadium.

UAE government to launch first Blockchain enabled national system for carbon credits

UAE government to launch first Blockchain enabled national system for carbon credits

UAE based Venom Blockchain has signed an MOU ( Memorandum of Understanding) with the UAE Ministry of Climate Change and environment to launch the first blockchain enabled national system for carbon credits.

The collaboration aims to reduce emissions and enhance sustainable agriculture, environmental health, and biodiversity in the UAE. This will be achieved by providing the highest levels of transparency, reliability, efficiency, and security in managing the issuance, transfer, calculation, and accurate tracking of carbon credits, as well as facilitating the digitisation process.

The MoU was signed by Mohammed Said Al Nuaimi, Acting Under-Secretary of MoCCAE, Taryam Matar Taryam, CEO of Industrial Innovation Group, and Peter Knez, Chair of the Foundation Council at Venom Foundation, at the Ministry’s office in Dubai.

Almheiri said, “As the UAE prepares to host COP28 in November, the country is striving to double its efforts and showcase its inspiring experience to the world in addressing climate change by reducing carbon emissions across different sectors. The UAE believes in its ability to make a difference in this field and has pledged, through the Third Update of its second Nationally Determined Contributions (NDCs), to reduce its emissions by 40 percent compared to a business-as-usual scenario, an increase of 9 percent over its previous pledge.”

She added, “This requires working according to a scientific approach based on modern technology and the highest levels of transparency to monitor carbon credits to work according to realistic data, achieve tangible results on the ground, and achieve climate neutrality by 2050. The collaboration with the Industrial Innovation Group and Venom Foundation to establish the national system for carbon credits using blockchain is an important step in this field and reflects our determination to enhance the UAE’s climate action for a more sustainable future for us and future generations.”

Taryam Matar Taryam, CEO of Industrial Innovation Group, said, “We are honoured to contribute to the establishment of the UAE’s first national carbon credits registration system. The Industrial Innovation Group, with more than 30 years of experience, is committed to the UN Sustainable Development Goals and endeavours to reduce the environmental impact through decarbonisation, as global climate change is closely linked to the increasing concentration of carbon dioxide in the atmosphere.”

He added that the Group has a long history of creating large-scale national records and excels in developing sustainable pathways for different business sectors, conceptualising decarbonisation initiatives, establishing project documents for various carbon stock records, and effectively managing, monitoring, and reporting carbon use projects.

Peter Knez, Chair of the Foundation Council at Venom Foundation, stated, “Venom Foundation has provided an unparalleled solution, acting as a key infrastructure for a global ecosystem for Web3 applications, with superfast transaction speeds and unlimited scalability to meet governments’ needs.” Knez added that the Foundation is “the first company in the UAE to develop and licence its blockchain technology and shape the future of national decentralised systems and digitise operations in corporate and government enterprises”.

The MoU aims to achieve four strategic objectives related to reducing and cutting greenhouse gas emissions to achieve climate neutrality, developing agribusiness, and promoting responsible investment in agriculture and sustainable food systems, enhancing the economic value of the Environmental Health Programme and conserving biodiversity to enhance the use of ecosystem services for sustainable development.

The main areas of cooperation between the three parties are in developing basic approaches and specific technological solutions for the project of a global platform for registering and issuing carbon credits in the UAE, within the regulatory frameworks of government decisions related to the project of the national system for issuing and registering carbon credits, and providing a blockchain-based solution for safe and effective management of the national system for issuing and registering carbon credits, and identifying and selecting projects related to reducing or removing carbon emissions.

The collaboration also aims to develop a legislative and regulatory framework by the Ministry of Climate Change and Environment to establish a national system for issuing and registering carbon credits. This includes creating of a licenced platform and leveraging blockchain technology to ensure the safe and efficient production of carbon credit registration system documents. The cooperation also ensures system integration to meet all requirements for establishing and developing business operations and the comprehensive process of issuing and registering carbon credits. Furthermore, it includes evaluating projects to reduce carbon emissions and remove carbon to ensure process transparency and environmental integration. This collaboration ultimately aims to contribute to achieving the UAE’s NDCs.

Bankrupt FTX crypto exchange requests to remove FTX Dubai from Chapter 11 proceedings

Bankrupt FTX crypto exchange requests to remove FTX Dubai from Chapter 11 proceedings

FTX in the USA, sent a motion dismissing Chapter 11 case for its Dubai’s operation regulated under Dubai’s virtual asset regulatory authority (VARA) in UAE. 

FTX VARA holds $4 million as security for the license of the total of $.45 million held by FTX Dubai in several accounts. As per Cointelegraph article, on July 25, VARA confirmed to FTX Dubai management that such restricted cash would be released in the context of the liquidation of FTX Dubai, according to United Arab Emirates law:

As stated in the motion, FTX Dubai established on February 11, 2022 under the laws of the United Arab Emirates to operate a crypto exchange. FTX Dubai is a direct, wholly-owned subsidiary of Debtor FTX Europe AG. Then on July 12, 2022, FTX Dubai was granted a virtual asset service provider license (the “License”) from Dubai’s Virtual Assets Regulatory Authority (“VARA”). Notwithstanding the grant of the License, FTX Dubai did not offer any crypto-related services to investors in the United Arab Emirates or operate a crypto exchange prior to the Petition Date. On November 10, 2022, VARA suspended the License and, on July 12, 2023, the License expired.”

FTX claims that given the absence of any historical business or resources to commence any business in the future, FTX Dubai has no reasonable likelihood of rehabilitating its operations. Additionally, FTX Dubai is balance sheet solvent. Therefore, the Debtors believe that a solvent voluntary liquidation procedure in accordance with the laws of the United Arab Emirates would allow a timely distribution of the positive cash balance after payment of all outstanding liabilities and liquidation of all assets. To the extent that any creditors filed claims against FTX Dubai in the Chapter 11 Cases, the dismissal of the Chapter 11 Case of FTX Dubai will not impact such claims and will not prejudice any creditor’s ability to pursue such claims directly against FTX Dubai in its local liquidation proceeding.

FTX adds, “  Accordingly, the Debtors believe it is in the best interests of the Debtors and their stakeholders to dismiss the Chapter 11 Case of FTX Dubai at this time.

Liminal crypto wallet custodian partners with Notabene to offer travel rule solution in UAE and globally

Liminal crypto wallet custodian partners with Notabene to offer travel rule solution in UAE and globally

Liminal, a provider of wallet infrastructure and custody solutions, with a presence in the UAE has launched its compliance solutions suite, with Notabene’s Travel Rule solution.

According to recent news pieces, Liminal’s compliance suite presents features to aid clients with their regulatory obligations, including integration to enable communication between virtual asset service providers, providing an interface to fulfil regulatory obligations, supplying compliance solutions to prioritise data protection, allowing customisation to cater to compliance, and real-time monitoring and alerts to address compliance issues.

Rahil Shaikh, AVP of product and blockchain, Liminal, stated, “We are looking forward to introducing our compliance solutions suite, strengthened through our collaboration with Notabene. At Liminal, our objective is to drive innovation within the digital asset industry, and this partnership aims to reinforce our commitment to providing regulatory-compliant solutions for our clients. By joining forces with Notabene, we seem to have empowered our customers with travel rule compliance.”

Liminal’s latest suite of compliance solutions, coupled with Notabene’s innovative Travel Rule integration, empowers clients with an efficient means to navigate compliance challenges. Liminal’s compliance suite presents a wealth of powerful features to aid clients in meeting their regulatory obligations, including:

a) Seamless Integration: The integration will enable smooth and secure communication between virtual asset service providers, streamlining the sharing of transactional data in compliance with regulatory mandates. 

b) Simplified Compliance Processes: Liminal’s suite empowers clients with a user-friendly interface that simplifies the compliance journey. Users can now effortlessly fulfill their regulatory obligations, saving time and resources. 

c) Enhanced Security: Security is of paramount importance in the world of digital assets. Liminal’s compliance solutions prioritize data protection, ensuring that sensitive information remains secure throughout the compliance process. 

d) Customizable Solutions: Recognizing the diverse nature of businesses operating in the cryptocurrency sector, Liminal’s suite allows customization to cater to specific compliance needs, ensuring flexibility and adaptability. 

e) Real-time Monitoring: With real-time monitoring and alerts, clients can proactively address compliance issues, thereby mitigating risks and reinforcing trust with regulatory bodies.

Liminal in May announced that it had applied for a license at at Abu Dhabi Global Market (ADGM) in an effort to offer regulated service in the region. Liminal which claims to have processed crypto transactions worth $5.6 billion on its platform, with over $550 million worth of assets under protection, believes that people will use digital assets either as part of investment or a part of underlying fundamental technology.

Mahin Gupta, Founder, Liminal stated to Khaleej Times, “Regulation will become uniform across the globe. UAE has taken a first mover advantage in the field of digital asset regulation, with much clarity. They have a clear idea about how they want to look at Metaverse, how they want to look at trading, how they want to look at custody and how they want to look at blockchain as a service and blockchain as a platform for other applications.”

Prior to that Liminal partnered with Dubai based payment gateway platform Magik Labs. Through this partnership, Liminal would empower Magik Labs to create a series of transit payment wallets to receive payments from their users. These payments will then be converted to desired tokens or NFTs via connectivity to other decentralized exchange (DEX) aggregators, over the counter (OTC) desks or trading platforms. Liminal’s MPC hot wallets will enable transit wallet addresses and provide automation of transaction flows.

At the time, Manan Vora, senior vice president, strategy and operations at Liminal had noted, “Our partnership with Magik Labs is a part of our continued efforts to strengthen Liminal’s position in the Mena region as the first choice of businesses for digital wallet infrastructure services.”

The compliance solutions suite will be offered to Liminal’s clients, including exchanges, custodians, and institutional investors. 

Abu Dhabi’s twofour54, and UAE ADNEC Group to build metaverse enabled film studio

Abu Dhabi’s twofour54, and UAE ADNEC Group to build metaverse enabled film studio

Abu Dhabi’s twofour54 part of  UAE’s ADNEC Group, plan to build a major film studio – ‘twofour54 Studios’ to span over 100 acres, twofour54 Studios will be a future-proof, virtual production-ready, metaverse-enabled and fully-fledged production destination, addressing high demand in the regional and global production landscape. 

Spanning 400,000 sqm (4,400,000 sqft), twofour54 Studios will boast an impressive range of features including 11 best-in-class soundstages, a 3,000 sqm (32,000 sqft) exterior water tank and six versatile standing sets offering filmmakers ample opportunities for inventive storytelling. Complementing this lot will be 7,000 sqm (over 75,000 sqft) of office space and an array of other production facilities, encompassing post-production, permanent tenancies and screening rooms. At twofour54 Studios, every aspect has been carefully designed to foster an environment that nurtures creativity and ensures a seamless and efficient production process.

Humaid Matar Al Dhaheri, Board Member, Managing Director and CEO of ADNEC Group, said: “The creative industries have been identified as one of Abu Dhabi’s priority sectors given the important economic and social value they create. We are proud to drive Abu Dhabi’s vision of becoming a leading global destination for content creation through twofour54 Studios. It will take film and TV production to the next level, creating jobs and contributing to the local economy following its completion in 2025.”

“twofour54 has facilitated thousands of productions over the last 15 years, establishing a compelling track record and building a deep expertise of the global film industry’s demands. Leveraging this invaluable experience, twofour54 identified an opportunity in the MENA region – the demand for an integrated, future-ready production destination. We remain steadfast in our mission to foster creativity, nurture talent and provide a world-class platform where visionaries can bring their cinematic dreams to life.”  said Mark Whitehead, CEO of twofour54.

UAE DMCC Crypto Center and TDEFI incubator offers $100 K to select startups with the launch of second cohort

UAE DMCC Crypto Center and TDEFI incubator offers $100 K to select startups with the launch of second cohort

UAE DMCC crypto center TDeFi , a global Web3 incubator and consultancy company,  have entered the final phase of registrations for the second cohort of a Web3 startup incubator at the DMCC Crypto Centre. Last day for applications is September 1st 2023. TDEFI will offer $100,000 for select startups with VC Funding. 

All applicants will receive priority guidance and services from DMCC to formally set up in the DMCC Crypto Centre, with a handful of successful businesses set to receive USD 100,000 in liquidity from TDeFi, subject to meeting the criteria. Applications close on 1st September 2023.

The five-week programme is focused on enhancing expertise including refining business strategies, ensuring Web3 compliance, and marketing. The accelerator will culminate in a VC-focused fundraising event, ultimately bringing a new wave of innovative Web3 businesses to Dubai.

Ahmad Hamza, Executive Director – Free Zone, DMCC, said, “Providing a platform for success is an intrinsic trait of DMCC, and the Web3 space is no different. Through our Crypto Centre we are proud to be bringing this exciting accelerator opportunity to a new wave of innovative Web3 businesses to Dubai, particularly as the emirate grows as a competitive knowledge-based economy. With the mentoring services and liquidity on offer through TDeFi, there has never been a better time to establish a crypto business in the emirate.”

Gaurav Dubey, CEO TDeFi, added,  “From ideation to developing business scaling strategies, our extensive accelerator programme is designed to prepare nascent Web3 businesses for VC funding rounds and operating efficiently in the real-world. We are excited to partner with DMCC for this second cohort, developing these startups into thriving businesses.”

The second cohort follows on from the successful first round in March, in which 15 Web3 businesses successfully graduated from the accelerator programme.

With an impressive lineup of over 20 mentorship sessions led by senior leaders from the Web3 industry, such as Coinbase Singapore, StepN, Footprint Analytics, Hacken, Enjin, and more, participants will gain insights spanning from compliance practices to the intricacies of Token Engineering and Markets Management. This comprehensive journey is poised to attract a fresh influx of Web3 enterprises to Dubai and guide nascent concepts toward thriving businesses under expert tutelage.