AiCoin
AiCoin|Oct 13, 2025 06:03
[Dubai Financial Sector Reform Focuses on Virtual Assets, Aiming to Increase Contribution Rate to 3%] Dubai has recently launched a comprehensive financial sector reform plan, aiming to rank among the world's top three financial centers. According to the 'Dubai Financial Sector Strategy' framework released by the Dubai Government Media Office, virtual assets, capital markets, and financial technology have been identified as the three key pillars for future economic growth. Dubai plans to further solidify its leading position in the virtual asset sector by accelerating digital asset development and promoting the digital transformation of traditional finance. Currently, the virtual asset industry contributes approximately 0.5% to Dubai's GDP, equivalent to 2.2 billion dirhams (about $600 million). The Dubai government has set a target to increase this proportion to 3%, or 13 billion dirhams (about $3.5 billion), to drive the scaled development of the virtual asset ecosystem.
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