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UAE and Singapore’s bets on cryptocurrency ‘seem promising’

Date Posted: 27 June, 2022

The financial hubs are in a strong position thanks to their early adoption of cryptocurrency regulations and infrastructure says a leading European academic.


The UAE and Singapore have been singled out by a leading European academic for taking the lead on cryptocurrency regulations.

“Given the track record of these hubs in digital transformation and facilitating international trade, their bet on crypto seems promising,” said Guy Burton, an Adjunct Professor at the Brussels School of Governance.

In an article called Getting it right on crypto regulation, he added: “Should their initiatives withstand the challenges, the prospects for crypto products could determine the financial centers of the future.”

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