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Noor Bazmi

Abu Dhabi emerges as crypto fundraising hub targeting $330 billion UAE SWF

Major crypto executives gathered in Abu Dhabi last week to pitch wealthy Middle Eastern investors as the sector hunts fresh capital, with attention on a United Arab Emirates sovereign wealth fund valued around $330 billion. The UAE’s interest was also evident in November when a Mubadala unit said its bitcoin position was about $518 million, while Binance secured full regulatory approval to operate from the capital.
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