Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Maldives to build $9 billion crypto hub to attract investment: Report
By: bitcoin ethereum news|2025/05/05 05:15:01
0
Share
The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that will reportedly employ up to 16,000 individuals. Completing the project will take an estimated five years and the capital requirements for the ambitious development are more than the $7 billion in annual gross domestic product (GDP) of the Maldives. The planned crypto hub reflects the growing importance of the crypto industry worldwide. However, the Maldives’ ambitions to become a global center for financial technology must contend with well-capitalized, established jurisdictions like Dubai, Singapore, and Hong Kong. Related: Slovenia’s capital of Ljubljana ranked as world’s most crypto-friendly city Established crypto and fintech hubs already on the scene Dubai, in the United Arab Emirates (UAE), is a rapidly growing crypto and Web3 hub thanks to its positive regulatory environment that encourages innovation and a local government willing to explore blockchain technology in real-world applications. On April 6, Dubai’s Land Department (DLD) and the Virtual Assets Regulatory Authority (VARA) signed an agreement to connect the land registry to blockchain, allowing for more comprehensive real estate tokenization. Hong Kong has also positioned itself as a crypto hub through proactive regulations that have attracted hundreds of Web3 and fintech firms. According to Ivan Ivanov, global CEO of WOW Summit, a blockchain conference in Hong Kong, the special economic zone leverages its position as a bridge between Western economies and China to attract investment and serves as a regulatory sandbox. Singapore is also a major international crypto center, with dozens of digital asset exchanges based inside the country and hundreds of Web3 firms headquartered there. The country continues to attract global investment through a regulatory approach that encourages technological experimentation without fear of regulatory reprisal. Magazine: Crypto City: Guide to Dubai Source: https://cointelegraph.com/news/maldives-building-9-billion-crypto-hub?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
You may also like
AI Seating Chart Released | Rewire News Morning Brief
Musk and Ultraman are not above
Is the era of Embodied AI's "GPT Moment" Approaching? Axis Robotics Announces End of Testing, Set to Launch on Base Chain
Axis's answer is yes - provided that a thorough reshaping of the scale-up production of robotic data is required, and a redefinition of the deployment paradigm in the physical world.
Meta Layoff Explained: On the same day as laying off 700 people, they handed out $90 billion in retention bonuses to executives
The money saved from laying off 700 people is approximately equivalent to Meta's 1.5 days of AI infrastructure spending
Binance Cracks Down on Market Makers, a Long-overdue Trial
True accountability requires regulatory involvement, enforcement agencies, rather than allowing the exchange to act as its own judge.
Wall Street Collective Bearish on 2026, Will the Oil Crisis Trigger a Recession?
「There is no middle ground; the result will definitely be one of two extremes.」
Hollywood's AI Necromancy: Death Is No Longer the End of Labor
Post-Mortem Economics
a16z: DeFi Struggling to Support a True Financial Market
More important than throughput is the determinism and fairness of transaction execution.
Morning News | Bitmine launches institutional Ethereum staking platform MAVAN; Franklin Templeton launches tokenized ETF; Morgan Stanley to issue and sponsor Bitcoin ETF
Overview of Important Market Events on March 25
Kalshi early employees: Whoever controls the traffic controls the market
Robinhood can decide where tens of millions of contracts go with the flip of a switch, while the exchanges do all the hard work but cannot control their own fate.
Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%
USDT, with a market value of 184 billion dollars, is undergoing its first comprehensive inspection in history.
Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure
Explore Aethir Claw, an easy-to-deploy AI agent solution that offers fully isolated VPS, encrypted payments, and highly competitive pricing.
Why Buying Gold Can Lead to Bankruptcy
"There is no issue with 'buying gold,' the issue is 'buying whose gold.'"
If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?
During the US-Iran war, as the bond market exhibited a **"meltdown"** scenario, Bitcoin's upward momentum is showing signs of exhaustion.
Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal
Compliance gave Circle both a suit of armor and a ball and chain.
After the Smoke Clears: 5 Possible Endings to the Middle East Conflict
The Crown Prince in Exile for Half a Century, Set to Return to Tehran?
Stablecoin Yields Discontinued, Circle Plunges 20% in One Day
Tightening Regulations and Increased Competition Lead Market to Reassess Stablecoin Business Models
AI Wired into War Machine | Rewire News Nightly
Anduril and Palantir are collaborating on the development of the core software for the Golden Dome anti-missile system, with a project budget of $18.5 billion.
Web3 is sick, but the cure is not AI
Encryption may have wasted too many years, and the current AI anxiety is merely a stress response of an industry that has overdrawn its narrative after facing external shocks.
AI Seating Chart Released | Rewire News Morning Brief
Musk and Ultraman are not above
Is the era of Embodied AI's "GPT Moment" Approaching? Axis Robotics Announces End of Testing, Set to Launch on Base Chain
Axis's answer is yes - provided that a thorough reshaping of the scale-up production of robotic data is required, and a redefinition of the deployment paradigm in the physical world.
Meta Layoff Explained: On the same day as laying off 700 people, they handed out $90 billion in retention bonuses to executives
The money saved from laying off 700 people is approximately equivalent to Meta's 1.5 days of AI infrastructure spending
Binance Cracks Down on Market Makers, a Long-overdue Trial
True accountability requires regulatory involvement, enforcement agencies, rather than allowing the exchange to act as its own judge.
Wall Street Collective Bearish on 2026, Will the Oil Crisis Trigger a Recession?
「There is no middle ground; the result will definitely be one of two extremes.」
Hollywood's AI Necromancy: Death Is No Longer the End of Labor
Post-Mortem Economics
App