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Maldives Launches $9B Blockchain Hub to Attract Global Investment
Maldives Launches $9B Blockchain Hub to Attract Global Investment
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The Maldives government has unveiled an ambitious $9 billion initiative to establish the nation as a global blockchain hub. The project centers on the development of the Maldives International Financial Centre (MIFC), designed to attract foreign investment and diversify the economy. A partnership with Dubai-based MBS Global Investments will develop an 830,000-square-meter capital in Male.
Tax-free incentives for crypto firms and global investors aim to position the Maldives as a leader in blockchain and Web3 adoption. The government projects $1 billion in revenue within five years, alongside the creation of 16,000 jobs. This strategic move signals growing institutional recognition of blockchain’s economic potential.
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