Dubai hopes to mimic the blockchain activity generated in Switzerland’s Crypto Valley by launching the DMCC Crypto Centre. The Dubai Multi Commodities Centre (DMCC) is a free zone that supports commodities trading and finance. Multiple blockchain companies had already set up as part of the DMCC, such as the Agriota E-Marketplace, DigitalSugar from Al Khaleej and trade finance marketplace Trade Assets.
To set up the new Crypto Centre, the DMCC partnered with CV Labs, which was involved in creating Switzerland’s Crypto Valley.
“Crypto and blockchain technologies have an enormous potential to transform global trade and supply chains. This aligns perfectly with DMCC’s vision to drive the future of trade and is one of the key drivers behind launching the DMCC Crypto Centre,” said Ahmed Bin Sulayem, Executive Chairman and CEO, DMCC.
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