Regional Conflict Puts Dubai Crypto Hub to the Test
Dubai has become one of the world's leading centers for cryptocurrency and blockchain businesses. Its business-friendly environment, clear regulations, and modern infrastructure have attracted many digital asset companies from around the world. However, the recent regional conflict has tested the city's ability to remain a trusted destination for the crypto industry. In late February, tensions in the Middle East increased after U.S.-Israeli strikes on Iran. Missile and drone activity near Dubai created uncertainty across the region. Many wealthy expatriates and cryptocurrency executives became concerned about their safety. Some chose to leave temporarily, paying for private flights to destinations such as…