Regulation
Chainalysis sets up regional headquarters in Dubai amid crypto growth – DL News
- Blockchain intelligence platform Chainalysis opens its headquarters in Dubai.
- The office will serve Southern Europe, the Middle East, Central Asia and Africa.
- Chainalysis will work closely with the UAE government.
Blockchain intelligence platform Chainalysis has opened its regional headquarters in Dubai, in close cooperation with the local government of the United Arab Emirates.
The Dubai operation will serve Southern Europe, the Middle East, Central Asia and Africa, the company said in a statement. release.
This comes after three years of growth in the region, as the company has established itself as a leading provider of crypto investigation, Web3 growth and crypto risk solutions to government and private sector entities, a- he declared.
Michael Gronager, CEO of the company, said: “The true potential and value of cryptocurrencies lies in their ability to transfer value, and we are seeing an upward trend in overall transfer activity. Usability is the industry’s underlying success story, and the UAE is strongly positioned to lead innovation with new use cases that deliver tangible value to consumers and businesses.
To support the UAE’s efforts to become a global crypto hub, Chainalysis has worked with key government stakeholders to offer guidance and best practices for developing the regulations and frameworks needed to foster a thriving crypto ecosystem. , indicates the press release.
Chainalysis provides data, software, services and research to government agencies, virtual asset service providers, financial institutions and insurance and cybersecurity companies in more than 70 countries, it adds.
The company’s data has helped solve some of the world’s highest-profile criminal cases involving North Korean hacks, ransomware, darknet market activity, and more, resulting in seizures of more than $10 billion. dollars by law enforcement.