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Helal Saeed Almarri, Director General of DWTCA, said: “Innovation is a byword for Dubai and this ‘Future-Economy’ environment is designed to catalyse collaboration, stimulate innovation and most importantly assure protection. In line with Dubai’s vision for a fully digital and inclusive society, this world’s first specialist authority is Dubai’s active response to the industry’s call for support – so that service providers, technology enablers, and governments can co-create the next generation ecosystem for the global Virtual Asset Economy.”

“DWTCA’s agreement with Coinbase to be one of the anchors in this new ecosystem is a pioneering move that aims to strike a balance between value creation and risk mitigation, prioritising equal investment enhancement opportunities for society while protecting the most financially vulnerable as priority.”