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2018 was a crazy year for cryptocurrencies. But where does the UAE’s crypto industry stand in 2019? Despite global volatility in the cryptocurrency market, it seems like the UAE is on the right track toward becoming a global leader in cryptocurrencies and blockchain-based technologies.
In 2018, the UAE’s leading international finance center, ADGM, launched a crypto-asset regulatory framework, and in 2019 we’ve already seen the UAE and Saudi Arabia announce a partnership to launch a joint cryptocurrency.
These developments could give investors a massive boost of confidence – there’s definitely momentum happening in the UAE, and 2019 looks promising.