Dubai Welcomes Crypto in “Crypto Valley”

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blockchain Davos

Davos 2020 went beyond traditional business talk this year to include several announcements concerning blockchain and cryptocurrency. The DMCC , a Dubai government entity, used the Davos meeting as an opportunity to announce the creation of a “crypto valley” within the city’s business district.

This “crypto valley” will be strategic in attracting innovators of blockchain technology and forward thinkers in the world of cryptocurrency. While some countries including the United States seem to be intent on more regulation for crypto and increased taxation, the “crypto valley” of Dubai promises no personal or corporate income tax.
Switzerland has projected a similar welcoming business atmosphere for future blockchain startups.

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