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Maldives to build $9 billion crypto hub to attract investment: Report

Coin Telegraph LogoCoin Telegraph10h ago

Maldives to build $9 billion crypto hub to attract investment: Report - Coin Telegraph

Quick Summary:

Related: Slovenia’s capital of Ljubljana ranked as world’s most crypto-friendly cityEstablished crypto and fintech hubs already on the sceneDubai, 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.

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 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.

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 20:40:18 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 386 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28373405

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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