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The blockchain associations of the two cities will collaborate in order to link companies and promote the industry’s expansion.In order to work together on the continued growth of the blockchain industry in both countries, the Crypto Valley Association, based in Switzerland, will collaborate with the Crypto Oasis, based in Dubai.In order to connect<a href="https://www.coingabbar.com/en/crypto-blogs-english?tag&#61;blockchain" rel="noopener noreferrer nofollow"> the growing blockchain communities</a> in Switzerland and the Middle East, the Crypto Valley Association (CVA), located in the self-described “crypto valley” of the Swiss Canton of Zug, will spearhead the collaboration with its counterpart there.Both organisations were started by Ralf Glabischnig, who played a key role in making Zug a centre for blockchain and cryptocurrency businesses. Organizations like the Ethereum Foundation were established there, as CoinGabbar previously mentioned. It is anticipated that the new partnership between the groups in Switzerland and the UAE will promote communication and information sharing between businesses operating in both countries.Faisal Zaidi, a co-founder of Crypto Oasis, will lead the CVA-led initiative in Dubai, which now has more than 1,100 UAE-based businesses cooperating in its burgeoning ecosystem.CVA has previously made similar efforts, launching a branch in Latin America in July 2022 to capitalise on the region’s growing blockchain and cryptocurrency sectors. According to the press release, CVA invited the Dubai International Financial Centre to Zug in an effort to identify potential relocation candidates for blockchain businesses that would help the UAE’s developing blockchain ecosystem.The Dubai Crypto Oasis aims to have 1,500 blockchain and cryptocurrency enterprises running within its ecosystem by the end of 2022. The ecology of CVA reached 1,000 after more than six years, in contrast. In order to increase investor security and set governance standards for businesses working with cryptocurrency, Dubai revised its legal framework in March 2022.Around the same time, approval was given for the major cryptocurrency exchange operators<a href="https://www.coingabbar.com/en/crypto-research-papers/ftx-token" rel="noopener noreferrer nofollow"> FTX</a> and Binance to launch operations and establish headquarters in Dubai.

Dubai and Swiss crypto organisations collaborate

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