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Maldives Unveils $9B Crypto Hub Plan to Transform Island Economy
Maldives Unveils $9B Crypto Hub Plan to Transform Island Economy
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The Maldives is making a strategic pivot toward blockchain technology with a $9 billion investment to establish the Maldives International Financial Centre. This ambitious project, developed in partnership with Dubai’s MBS Global Investments, aims to diversify the nation’s economy beyond tourism and fishing.
The crypto hub will span approximately 150 football fields in Malé and is projected to generate 16,000 jobs over five years. The initiative signals the island nation’s intent to become a significant player in Web3 and fintech innovation within the Indian Ocean region.
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