DUBAI (ALETIHAD)
Chainalysis, the blockchain intelligence platform, opened its headquarters for Southern Europe, Middle East, Central Asia, and Africa in Dubai.
This move follows three years of exponential growth in the region for the company, as it has established itself as the leading provider of crypto investigation, Web3 growth, and crypto risk solutions.
Provideing its services in more 70 countries, the company has helped solve some of the world’s most high-profile criminal cases, resulting in seizure of more than $10B by law enforcement agencies.
In support of the UAE’s push to be a global crypto hub, Chainalysis has been actively engaging with key government stakeholders to offer guidance and best practices for the development of the regulations and frameworks necessary to foster a thriving crypto ecosystem.
This includes partnering with the UAE's Ministry of Artificial Intelligence, Digital Economy and Remote Work Applications to set up a Centre of Excellence that helps government employees upskill on blockchain technologies.
CEO of Chainalysis, Michael Gronager, commented, “The UAE government has spearheaded the crypto revolution with forward-focused regulations, and business-friendly policies. At Chainalysis, we have been actively driving the maturity of the region’s crypto ecosystem in line with the latest developments across the globe.”
“The true potential and value of cryptocurrencies lies in their ability to transfer value, and we're seeing an upward trend of overall transfer activity. Utilisation is the underlying success story of the industry, and the UAE is strongly positioned to lead innovation with novel use cases that deliver tangible value to consumers and businesses,” he added.
VP Southern EMEA at Chainalysis, Nicola Buonanno, said, “The UAE market is at a tipping point, with institutional-sized transfers now accounting for the lion’s share of the country’s crypto activity. The need for our investigation, compliance, market intelligence and data solutions is greater than ever."