Mar 21, 2026

According to a report from the South China Morning Post, the city is attracting global cryptocurrency companies as it establishes itself as a leading Web3 center, citing its regulatory clarity and role as a superconnector.

Syed Musheer Ahmed, founder of FinStep Asia, moved from Hong Kong to Dubai in late 2022. He joined the founding team of Dubai’s Virtual Assets Regulatory Authority, a digital-asset regulator. At that time, industry figures were drawn to the Middle East due to its clear regulations, which contrasted with the uncertainty and remaining Covid-19 restrictions in Hong Kong. Ahmed noted that Dubai presented itself as a favorable alternative when few jurisdictions were…