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The Fintech Files: StanChart targets Abu Dhabi, Nomura eyes crypto trading

Your weekly cheat sheet on the world of crypto and fintech

Abu Dhabi has turned to crypto – and financial innovation more broadly – in an effort to recast its economy and reduce reliance on oil and gas
Abu Dhabi has turned to crypto – and financial innovation more broadly – in an effort to recast its economy and reduce reliance on oil and gas Photo: Getty Images

While regulators in the US, the UK and Europe have dragged their feet on crypto, Abu Dhabi has been quietly snagging a bit of business. 

The emirate brought in its regulatory framework in 2018 – aeons ago in crypto time – and it’s worked a treat, with Binance, Kraken and others recently setting up shop there.

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