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Haider Jamal

May 08, 2024

Chainalysis Chooses The United Arab Emirates As New Headquarters Location

Chainalysis, the platform specializing in blockchain intelligence, has inaugurated its headquarters for Southern Europe, the Middle East, Central Asia, and Africa in Dubai. The company intends to enlist skilled professionals with expertise in traditional finance, regulatory compliance, and Web3 technologies to operate out of its Dubai base.

 

Chainalysis Moves Up

This most recent step comes after three years of substantial growth in the region, solidifying Chainalysis as the primary provider of crypto investigation, Web3 expansion, and crypto risk solutions to both governmental and private sector organizations. Chainalysis offers data, software, services, and research to governmental agencies, virtual asset service providers, financial institutions, and insurance and cybersecurity firms across more than 70 countries.

In alignment with the UAE (United Arab Emirates) and its efforts to establish itself as a global crypto center, Chainalysis has been actively collaborating with key government stakeholders to offer advice and best practices for the development of regulations and frameworks essential for nurturing a flourishing crypto ecosystem.

 

Enhancing The Local Workforce

The move involves collaborating with the UAE Ministry of Artificial Intelligence, Digital Economy, and Remote Work Applications to establish a Centre of Excellence aimed at enhancing the blockchain technology skills of government employees. Recently, Chainalysis also signed a Memorandum of Understanding (MoU) with Emirates NBD to support the new Digital Asset Lab program.

Michael Gronager, CEO of Chainalysis, remarked that the UAE government has led the crypto revolution with progressive regulations and business-friendly policies. He added that the genuine potential and value of cryptocurrencies lie in their capacity to transfer value, and we are observing a growing trend in overall transfer activity. Utilization forms the bedrock of this industry, and the UAE is well-positioned to drive innovation with innovative use cases that offer tangible value to consumers and businesses alike.

 

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