Crypto’s Big Party in Dubai Signals Industry’s Future Is in Asia

In this edition of the Bloomberg Crypto newsletter, Hannah Miller shares some takeaways from last week’s water-logged Token2049 conference in Dubai.

The historic flooding that rocked Dubai ahead of the Token2049 conference may have complicated the event, but that didn’t prevent a display of lavish enthusiasm for crypto’s growing strength in Asia. As attendees drifted in from all over the world, many placed their bets on which parts of the continent will continue to dominate in digital assets.

“Between UAE, Singapore and Hong Kong, those are the hubs I’m seeing emerge as the places where people generate their entities and have legal standing,” Chainlink Labs co-founder Sergey Nazarov said in an interview at the conference.