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Crypto has been a main area of focus for several of the Gulf countries, especially the emirates of Dubai and Abu Dhabi, which saw an opportunity during the pandemic to pitch themselves as digital asset hubs:

https://fortune.com/crypto/2024/03/06/dubai-crypto-saudi-vara-blockchain-regulation-mena-middle-east/
Fortune The Middle East is pitching itself as the future of crypto. Will companies follow? | Fortune From sovereign wealth funds to regulators, Gulf countries are establishing a digital assets hub in the Middle East.
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