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BTCC / BTCC Square / Global Cryptocurrency /
Maldives Aims to Transform Malé into a Web3 and Cryptocurrency Hub with $9 Billion Project

Maldives Aims to Transform Malé into a Web3 and Cryptocurrency Hub with $9 Billion Project

Author:
Global Cryptocurrency
Published:
2025-05-07 13:09:02
18
1

The Maldives government has partnered with Dubai-based MBS Global Investments to launch a $9 billion initiative, the Maldives International Financial Centre (MIFC), set to be completed by 2030. This ambitious project aims to position Malé, the nation’s capital, as a global hub for cryptocurrency and blockchain technology, diversifying an economy currently reliant on tourism for over 60% of its revenue.

The move comes as the island nation grapples with significant debt, seeking innovative avenues for economic growth. The MIFC project underscores a strategic pivot toward digital finance, potentially attracting blockchain enterprises and crypto investors to the Indian Ocean archipelago.

|Square

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