Crypto to play a major role in UAE’s foreign trade

While the current crypto market downturn and recent FTX collapse caused some countries to become wary of Bitcoin (BTC), Ethereum (ETH), and other digital currencies, the United Arab Emirates (UAE) continues to express support for the sector and remains convinced of the nascent asset class potential. In fact, a high-ranking official views crypto as playing a major future role in the countrys foreign trade. This was revealed by United Arab Emirates Minister of State for Foreign Trade Thani Al Zeyoudi. In an interview with Bloomberg in Davos, Switzerland on Friday, January 20, the trade...


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