Chainalysis has recently announced the establishment of its regional headquarters in Dubai for the Middle East, Southern Europe, Central Asia, and Africa.
This move, according to its latest press release, demonstrates its commitment to recruiting skilled professionals in traditional finance, Web3.0 technologies, and regulatory compliance to operate from their regional base in Dubai.
In line with the region’s aspirations to become a global cryptocurrency hub, Chainalysis has noted that it has been actively engaging with key government stakeholders to provide guidance and best practices for developing frameworks and regulations conducive to fostering a vibrant crypto economy.
The blockchain data analytics pointed to its collaboration with the country’s Ministry of Artificial Intelligence, Digital Economy, and Remote Work Applications to establish a Centre of Excellence to upskill government workers on blockchain technology.
Michael Gronager, CEO at Chainalysis, highlighted the supportive role of the Dubai government in driving the cryptocurrency revolution through forward-thinking regulation and business-compliant policies. He emphasized the inherent value and potential of digital assets lies in their capacity to facilitate value transfer.
Chainalysis operates as a blockchain intelligence platform, offering data, services, software, and research to government agencies, financial institutions, virtual asset service providers (VASPs), as well as cybersecurity and insurance companies across 70 nations.
This decision to establish a headquarters in Dubai comes three years after Chainalysis significantly expanded its presence in the UAE and solidified its position as a leading provider of cryptocurrency investigation and risk solutions to private and government entities.
The firm noted that its data has been instrumental in solving numerous high-profile criminal cases, including those involving North Korea hacking, darknet market activities, ransomware, and more, leading to the seizure of over $10 billion.
Just recently, Chainalysis signed a Memorandum of Understanding with The National Bank of Dubai (Emirates NBD) to support the banking leader’s Digital Asset Lab program. Through this collaboration, the bank intends to leverage Chainalysis’ analytics and investigative capabilities to gain deeper insights into market trends and user needs while enhancing the integrity of its crypto initiatives.
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