Global cryptocurrency platform Crypto.com has appointed Mohammed Al-Hakim as President of its operations in the United Arab Emirates (UAE). Al-Hakim will spearhead business development, strategic partnerships, and financial innovation, marking a significant step in Crypto.com’s expansion strategy in the region.
According to a press release, Al-Hakim has been instrumental in attracting over $800 million in foreign investments into Dubai. He has also successfully raised millions in sponsorships for UAE government initiatives and launched programs to empower Emirati professionals in the workforce.
Leadership to Drive Regional Growth
Kris Marszalek, CEO of Crypto.com, expressed confidence in Al-Hakim’s leadership, emphasizing his pivotal role in advancing the company’s goals within the UAE:
“The UAE is a critical market for us, and Mohammed’s leadership and experience will help us build strong relationships and achieve sustainable growth in this key region.”
Al-Hakim’s appointment reflects Crypto.com’s commitment to aligning with the UAE’s vision of becoming a global hub for blockchain and cryptocurrency innovation.
Why the UAE is a Crypto Magnet
Dubai and the UAE have emerged as prime destinations for cryptocurrency and blockchain firms due to their progressive policies, regulatory clarity, and strategic positioning.
The Virtual Assets Regulatory Authority (VARA), established in Dubai, is recognized for its balanced regulatory framework, fostering innovation while ensuring security and compliance.
Crypto.com’s Regional Commitment
With Al-Hakim at the helm, Crypto.com plans to:
- Strengthen local operations.
- Forge strategic partnerships to bolster the UAE’s blockchain ecosystem.
- Support the country’s ambition to become a leader in blockchain and cryptocurrency.
The move highlights Crypto.com’s dedication to leveraging regional expertise and contributing to the UAE’s fintech and crypto landscape.
Industry Leaders Praise Middle East’s Crypto Regulations
Other industry executives have also lauded the Middle East’s regulatory advancements. Recently, Richard Teng, CEO of Binance, praised innovative regulatory frameworks in Abu Dhabi, Bahrain, and Dubai, with specific recognition for VARA’s dedication to overseeing the crypto sector.
As the UAE continues to attract global crypto players, Crypto.com’s investment in regional leadership underscores the nation’s growing influence in the blockchain and digital asset economy.
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