Digital assets: Dubai Chamber forms working group

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Digital assets: Dubai Chamber forms working group
Digital assets: Dubai Chamber forms working group

Particularly the digital assets space, the UAE has recently been demonstrating its keenness to embrace the digital economy

A working group that will focus on digital assets has been created by the Dubai Chamber of Commerce.

The Dubai Digital Assets Business Group (D2A2) will promote the digital asset industry, boost transparency and market intelligence data, and support the growth of digital assets companies in the emirates, the government body said in a statement.

“The D2A2 will be an important reference providing strategic and up-to-date market research data related to the digital asset sector to industry stakeholders, the private sector, policymakers and government entities,” Oman Sultan Al Olama, the UAE minister for artificial intelligence, digital economy, and remote work applications, said.

The group will provide a platform for digital asset companies to “unify their voices, address market challenges, and align their ambitions,” he said.

“We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets. That is why it is very important to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organizations across the world,” D2A2 chair Gaurang Desai said.

Particularly the digital assets space, the UAE has recently been demonstrating its keenness to embrace the digital economy.

Dubai has created the Virtual Assets Regulatory Authority earlier this year, which is tasked to oversee governance within the sector. It is responsible for licensing digital assets companies to operate in the emirate.

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