Chainalysis sets up regional headquarters in Dubai amid crypto growth
Blockchain intelligence platform Chainalysis opened its regional headquarters in Dubai, amid close cooperation with the local UAE government.
The Dubai operation will serve Southern Europe, Middle East, Central Asia, and Africa, the company said in a news release.
This comes after three years of growth in the region, as the company has established itself as a leading provider of crypto investigation, web3 growth, and crypto risk solutions to government and private sector entities, it said.
Michael Gronager, the company’s CEO, said: “The true potential and value of cryptocurrencies lies in their ability to transfer value, and we’re seeing an upward trend of overall transfer activity. Utilisation is the underlying success story of the industry, and the UAE is strongly positioned to lead innovation with novel use cases that deliver tangible value to consumers and businesses.”
In support of the UAE’s push to become a global crypto hub, Chainalysis has been working with key government stakeholders to offer guidance and best practices for the development of the regulations and frameworks necessary to foster a thriving crypto ecosystem, the release said.
Chainalysis provides data, software, services, and research to government agencies, virtual asset service providers, financial institutions, and insurance and cybersecurity companies in more than 70 countries, it added.
The company’s data has helped solve some of the world’s most high-profile criminal cases involving North Korean hacking, ransomware, darknet market activity, and more, resulting in seizures of more than $10 billion by law enforcement agencies.
