Dubai

Dubai is a major financial and cryptocurrency hub in the Middle East and has continued in recent months to refine its regulatory frameworks for stablecoins, real-world assets (RWAs) and derivatives. The number of licensed firms has reached 50, with Kraken, Crypto.com, ARP Digital and others securing approvals or licenses, while the approaching MiCA deadline has also prompted companies to relocate there. Dubai is simultaneously advancing digital banking and AI-powered legal services, but missile spillovers, armed conflict and enforcement against cross-border fraud highlight geopolitical and compliance risks. The pace at which its regulatory framework takes shape and the direction of capital flows remain key areas to watch.