Dubai Poised to Benefit From Cryptocurrency Growth, Bittrex Says

Dubai is well-positioned to benefit from the growing cryptocurrency market in the Middle East as its regulators lead a push toward acceptance of blockchain-based technologies, according to Bittrex Global’s chief executive officer.

The United Arab Emirates and Dubai are “doing all the right things and they’re going to attract a lot of regional projects,” Stephen Stonberg, CEO of the digital assets exchange, said in an interview. “It’s a great place to set up your token project, or run a cryptocurrency exchange,” he said, helped by the region’s status as a tax haven.

Dubai, the region’s financial hub, has already taken ...