UAE’s Security General Hails BTC as a ‘Key Pillar in Future Finance’ at Bitcoin MENA Conference

At the Bitcoin MENA conference, Mohammed Al Shamsi, representing UAE National Security, declared that Bitcoin is evolving beyond a mere digital asset to become a "key pillar" in modern financing, emphasizing that mining is the "beating heart" securing the network. The UAE is strategically positioning itself as a digital finance hub, focusing on building a sustainable ecosystem that supports large-scale, energy-efficient mining operations. This commitment is underscored by recent actions, such as the Abu Dhabi Investment Council (ADIC) tripling its stake in BlackRock’s iShares Bitcoin Trust to $518 million, viewing Bitcoin as a long-term, strategic asset akin to digital gold. Industry leaders believe the UAE has the potential to become the "Wall Street of cryptocurrencies" due to its favorable regulations and growing ecosystem.

(Source：Bitcoin Magazine)