ABU DHABI, United Arab Emirates — The Bitcoin Conference Abu Dhabi organizers hope to make the UAE a center for fintech, Bitcoin and blockchain innovation in the Middle East with its upcoming conference in Abu Dhabi on December 8, 2016.
In a press release, conference organizers noted that government agencies and businesses have expressed early interest in fintech, with over 30 firms and organizations starting work on fintech proof-of-concepts in 2016.
Furthermore, financial authority Abu Dhabi Global Market released a consultation paper in 2016 outlining plans to “create a sandbox environment for fintech under which startups would be allowed to work under a flexible regulatory framework for up to two years,” the press release stated.
Blockchain Conference Abu Dhabi: Bringing Government and Business Leaders Together in the UAE
Taking advantage of this early momentum, Bitcoin Conference Abu Dhabi organizers want to bring attention to blockchain technology, showing regional business influencers