Ihsan Buhulaiga emphasizes the need for Gulf Cooperation Council (GCC) countries to develop a coordinated approach to crypto regulations, urging collaboration to prevent financial migration to countries like the UAE.
Abdul Rahman bin Nahi reiterates the risks posed by cryptocurrencies, citing potential economic damage and stating that they contradict Islamic values, which prioritize financial stability.
The UAE is emerging as a favorable destination for crypto firms seeking to escape the strict regulations imposed by the EU, further boosting its attractiveness for digital asset ventures.
Leave a Reply