Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Crypto.com has revealed the appointment of Mohammed Al-Hakim as the President of its operations in the United Arab Emirates (UAE).
Al-Hakim will lead business development, strategic partnerships, and financial innovation for Crypto.com. As stated in the press release, he has played a significant role in attracting over $800 million in foreign investments to Dubai. Al-Hakim has secured millions in sponsorships for UAE government projects and initiated programs designed to empower Emirati professionals.
Kris Marszalek, CEO of Crypto.com, expressed trust in Al-Hakim’s leadership, noting that his expertise will be crucial in furthering the company’s objectives in the UAE.
“The UAE is a vital market for us, and Mohammed’s leadership and experience will assist us in establishing strong relationships and achieving sustainable growth in this important region,” said Marszalek.
Crypto Businesses Flock to the UAE
Related Posts
Dubai has become a significant hub for cryptocurrency and blockchain companies due to its policies, regulatory clarity, and strategic location. VARA, created to regulate virtual assets in Dubai, has earned recognition for its stringent yet forward-thinking regulatory framework.
Al-Hakim’s appointment occurs as the UAE continues to establish itself as a global center for blockchain and cryptocurrency enterprises. The nation’s supportive regulatory environment and emphasis on digital transformation have drawn prominent crypto firms to set up operations in the area.
With Al-Hakim in charge, Crypto.com stated it intends to enhance its local operations, cultivate partnerships, and support the UAE’s aspirations to become a leader in the blockchain and cryptocurrency ecosystem.
Crypto.com’s initiative indicates its dedication to utilizing regional expertise while contributing to the UAE’s expanding crypto and fintech landscape.
Recently, Richard Teng, the CEO of Binance, commented on the Middle East, highlighting innovative regulatory strategies in nations such as Abu Dhabi, Bahrain, and Dubai. He commended Dubai’s establishment of VARA, which is exclusively focused on overseeing the crypto sector.
The post Crypto.com Appoints Al-Hakim as President of UAE Ops appeared first on Cryptonews.
