Share this article
Dubai Government to Sponsor Upcoming Digital Currency Conference
Dubai is set to play host to a conference on digital currencies months after a blockchain effort in the country was first unveiled.
By Stan Higgins
Updated Sep 11, 2021, 12:17 p.m. Published May 23, 2016, 4:23 p.m.
Dubai is set to play host to a conference on digital currencies later this month, an event that comes several months after a government-backed blockchain effort was first unveiled.
Hosted at the Burj Al Arab hotel, the one-day Keynote Conference event on 30th May will feature speakers from both the global bitcoin and blockchain ecosystems. The event is being sponsored by an innovation center originally founded by the ruler of Dubai as part of a broader effort to modernize the region.
STORY CONTINUES BELOW
Among those set to appear from the region include Dr. Aisha Bin Bishr, director general of Smart Dubai, a public effort to support the digitization of services in the city-state, and Saif Al Aleel, who leads the Dubai Future Foundation that is both sponsoring the event and broader research efforts in Dubai on the technology.
Al Aleel said in a statement:
"We realize the importance of the financial sector in the UAE’s development, and we believe that blockchain technology can usher in vital changes by introducing new approaches and projects in the sector."
In February, the Global Blockchain Council was launched, backed by an innovation effort founded by the vice-president of the United Arab Emirate and emir of Dubai, Sheikh Mohammed bin Rashid.
The 32-member group includes representatives from a number of local government initiatives, as well as technology companies like Cisco, IBM and Microsoft.
Blockchain startups like BitOasis, Kraken and YellowPay are taking part in the initiative, which is aimed at testing and developing technology solutions using blockchain that fit into the broader goal of increasing digitization of services in Dubai.
This effort is largely in the formative phase, according to those involved, and comes as finance stakeholders in the region begin to explore the technology more closely.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
New React bug that can drain all your tokens is impacting 'thousands of' websites
Attackers are using the vulnerability to deploy malware and crypto-mining software, compromising server resources and potentially intercepting wallet interactions on crypto platforms.
What to know:
- A critical vulnerability in React Server Components, known as React2Shell, is being actively exploited, putting thousands of websites at risk, including crypto platforms.
- The flaw, CVE-2025-55182, allows remote code execution without authentication and affects React versions 19.0 through 19.2.0.
- Attackers are using the vulnerability to deploy malware and crypto-mining software, compromising server resources and potentially intercepting wallet interactions on crypto platforms.
