Crypto to play ‘major role’ in UAE trade: foreign trade Minister
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Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi.
Speaking with Bloomberg on Jan. 20 in Davos Switzerland — where world leaders are currently gathered for the
The minister also distanced the UAE from assertions that its cities like Dubai tend to become key spots for disgraced crypto figures to flee to, arguing that “bad actors don’t have a nationality and don’t have a destination.”
He did stress however that governments do need to work together to stop bad actors from going awol overseas.
“You will see them everywhere. You will see them in the Bahamas, you will see them in New York, London, and what we need to do as governments is to work together, with the industry as well, to ensure that if someone does something wrong he can’t move from one place to the other,” he said.
