The encryption group becomes industry No. 2 in the United Arab Emirates: Chis Erghan star-news.press/wp

The encryption sector in the United Arab Emirates (United Arab Emirates) is going on the right path to become its second largest industry in the next five years, due to organizational policies in the country and the attractive business environment, according to Chis Erghan, a member of the Board of Directors of Investment Technologies in the digital assets circulating for the public.

“They have a reputation for leadership, legislation and society,” Ergen told Cointelegraph in an interview. As expected:

“They sell oil, and this is their main work. I think their second largest business will be the Blockchain industry in the next five years. This will start in parts of two number of economics.”

Ergin added that the country has a clear regulatory framework for encryption, a society of executives in the main encryption industry, a debt -free economy that allows the government to convert surplus to technical investments, low crimes, attractive tax policies, and lead thinking forward.

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The United Arab Emirates has created a trench that made it an undisputed axis for encryption and technology in the Middle East and Africa (MENA), amid the growing state of the nation’s encryption and racing between sovereign forces to become global leaders in the era of digital financing.

Related to: Dubai and the United Arab Emirates are moving to align the coding frameworks under a new partnership

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